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Perceptive Space raises $2.8M to predict space weather using AI
Perceptive Space, a Canadian aerospace startup, has emerged from stealth mode with $2.8 million in funding to predict space weather.
“Our cutting-edge technology integrates data from multiple sources, utilizing AI algorithms to predict space weather and its potential impact on satellite operations, communications, and other critical infrastructure,” said Suresh. “By providing highly accurate forecasts and actionable insights, Perceptive empowers organizations to proactively manage and mitigate the effects of space weather, ensuring the resilience of their operations.” This means the companies either don’t act early enough or shut down systems for durations longer than needed, resulting in service disruptions and financial losses that can easily run up to hundreds of millions of dollars.
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