Investment in Commercial Satellite Data Analytics Company Ursa Space Systems- Promoting AI satellite analysis service as exclusive representative in Japan -

Sumitomo Corporation (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Shingo Ueno; ) has invested in Ursa Space Systems Inc. (Headquarters: Ithaca, New York, USA; CEO: Adam Maher; hereinafter "Ursa Space") through its subsidiary Sumitomo Corporation of Americas (hereinafter collectively referred to as the "Sumitomo Corporation Group"). Ursa Space is a leading provider of satellite-based analytics solutions. The companies have also signed an exclusive agreement for the Sumitomo Corporation Group to represent Ursa Space's services and platform in the Japanese market.

Investment Background and Purpose

In recent years, with heightened geopolitical risks and advances in commercial satellite technology, the resolution and revisit frequency of Earth observation satellite data have improved, and costs have decreased, leading to the expanded use of commercial satellite data. The market size is expected to grow by 5% annually, reaching approximately $8 billion USD by 2033. However, integrating and rapidly analyzing data from diverse satellite sources such as optical, SAR and RF signals require specialized knowledge, posing a high barrier to entry for users. Against this backdrop, the Sumitomo Corporation Group believes that collaboration with Ursa Space, a company that excels in the global integration and analysis of commercial satellite data, is essential for the development of space data utilization in Japan, leading to this investment and agreement.

Ursa Space's Technological Superiority

Ursa Space’s software, AI agents and contractual relationships with the vast majority of the world’s commercial Earth observation satellite providers make it possible to establish a virtual constellation that can add timely and valuable datasets to improve insights on current events. A wide range of satellite imagery and data, along with publicly available information, are efficiently collected and analyzed by its proprietary AI-driven software, enabling automated generation of insights in hours, instead of days or weeks. Users can execute everything from data acquisition, integration, analysis, to report creation in a one-stop manner by simply entering the event they want to analyze on the platform. Ursa Space's technology is applicable in a wide range of industries – including disaster response, energy, shipping, agriculture, and mining – and continues to grow.

Future Outlook

The Sumitomo Corporation Group has been working to expand its space business through investments in companies such as HawkEye360, a commercial RF data analytics company. The Sumitomo Corporation Group aims to commercialize Ursa Space’s solutions through PoC activities and promotion to implement its platform on the user side. The Sumitomo Corporation Group will continue to contribute to solving social issues and the development of global industries through investments in companies with innovative technologies.

Reference Material

Company Overview

Company Name	:	Ursa Space Systems Inc.
Established	:	2014
Location	:	Ithaca, New York, USA
Business Overview	:	Optimal collection, analysis and integration of satellite data (optical, SAR, RF signals) and geospatial data into valuable insights

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