John Eric Francia
CEO, AC Energy
Although delayed by COVID-19, Synspective CEO Motoyuki Arai's out-of-this-world ambition for 2020 remains: to launch his first satellite into space.
Synspective is an aerospace startup backed by deep pockets. By July 2019, and just 17 months since the company was founded, Synspective had secured about $100 million in funding, making it one of Japan’s fastest-growing startups.
The company’s satellites map the earth’s surface using a synthetic aperture radar. The highly detailed images will provide businesses and organisations with the data they need to tackle a range of problems, from monitoring of terrain to assisting with disaster relief. Synspective aims to build a constellation of at least 25 of the 100 kg satellites, with the first six launched by 2022.
Arai formed Synspective alongside Seiko Shirasaka, a professor in System Design and Management. Between them, they're infusing their business model with noble purpose.
“The key factors for a sustainable global future are the creation of objective data, the understanding of said data, and the learning from that cycle,” Arai tells Business Insider. “We will gain these factors through Synspective’s satellite system and analytics. Then we can look over our global economic activities from orbit, and course correct when needed.”