ARTICLE · 04 SEPTEMBER 2024

Perceptive Space Raises $3.9 Million To Predict Space Weather Using AI

Goodmans LLP

Perceptive Space, a Canadian aerospace startup, closed a CAD $3.9 million (USD $2.8 million) pre-seed funding round. This marks the company's first external funding to date.

CanadaTechnology

Laxsega Sivaloganathan (2024 Summer Studen-At-Law)

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Perceptive Space, a Canadian aerospace startup, closed a CAD $3.9 million (USD $2.8 million) pre-seed funding round. This marks the company's first external funding to date. The round was led by Panache Ventures, along with a group of investors who specialize in artificial intelligence ("AI") and space tech, including Metaplanet, 7percent Ventures, Mythos Ventures and AIN Ventures.

The Toronto-based startup is led by founder and CEO Padmashri Suresh, a former space weather researcher with a background in tech. The company plans to use the pre-seed funding to accelerate the development of its AI-powered space weather monitoring and prediction software, which it aims to introduce in 2025 to help companies launch and operate satellites more safely.

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Perceptive Space Raises $3.9 Million To Predict Space Weather Using AI

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