Horizon Technology Finance, an affiliate of Monroe Capital and a specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services and sustainability industries, provided a $10 million venture loan facility to Ursa Space Systems, a satellite intelligence company serving government and commercial clients worldwide.
“Ursa Space stands at the forefront of satellite intelligence, delivering reliable, all-weather monitoring and rapid analysis capabilities that have proven invaluable,” Gerald A. Michaud, president of Horizon, said. “With its sophisticated AI-enabled platform and proven track record for both governmental and commercial clients, Ursa Space is well-positioned to expand its market share, and we are pleased to support its continued growth.”
“We are excited to have Horizon’s support as we continue to advance our satellite intelligence platform,” Adam Maher, CEO of Ursa Space Systems, said. “This partnership strengthens our ability to deliver innovative, real-time solutions to our expanding customer base, thereby furthering our mission of providing decision-makers worldwide with unmatched global monitoring services.”
