When was Satrec Initiative founded?

Satrec Initiative was founded in 1999 and raised its 1st funding round 22 years after it was founded.

Where is Satrec Initiative located?

Satrec Initiative is headquartered in Daejeon, South Korea.

Who is the current CEO of Satrec Initiative?

Byung Jin Kim of Satrec Initiative.

How many employees does Satrec Initiative have?

As of Aug 31, 2026, the latest employee count at Satrec Initiative is 144.

Is Satrec Initiative a funded company?

Satrec Initiative is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Jan 13, 2021.

When was the latest funding round of Satrec Initiative?

Satrec Initiative's latest funding was a $***** Post IPO round on Jan 13, 2021, with participation from 1 investor.

Where does Satrec Initiative rank among its competitors?

Satrec Initiative ranks 33rd amongst 325 active competitors, of which 60 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Muon Space, which secured $250M in Aug, 2026.

Who are the top competitors of Satrec Initiative?

Satrec Initiative's top competitors include Planet, ICEYE and Satellogic. Among them, Muon Space secured the most recent funding round in August, 2026.

Satrec Initiative - 2026 Company Profile, Team, Funding & Competitors

Company Details

Satrec Initiative develops and manufacture small satellites for earth observation industry. They developed small earth observation satellites for Malaysia and the United Arab Emirates previously. They manufactured and provides Space Eye - 1, 2 , 10, satellite platforms, payloads, electro-optical instruments, ground systems and components.

Website: satreci.com
Social
Email ID: *****@satreci.com

Key Metrics

Founded Year

1999

Location

Daejeon, South Korea

Stage

Public

Latest Funding Round

Post IPO, Jan 13, 2021, $*****

Investors

KTB Ventures & 2 more

Ranked

33^rd among 325 active competitors

Employee Count

144 as on Aug 31, 2026

Similar Companies

Planet & 332 more

Exit Details

Public

View Satrec Initiative's full profile

Satrec Initiative got listed on Jun 13, 2008.

Click here to take a look at Satrec Initiative's IPO in detail

Satrec Initiative has raised funding over 1 round. Its latest funding round was a Post IPO round on Jan 13, 2021 for $*****. 1 investor participated in its latest round. Satrec Initiative has 3 institutional investors.

Here is the list of recent funding rounds of Satrec Initiative:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 13, 2021	2429242	Post IPO	6354643	5010142	2250650	6331247

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View details of Satrec Initiative's funding rounds and investors

The founders of Satrec Initiative is Choi Soon-dal.

Here are the details of Satrec Initiative's key team members:

Choi Soon-dal: Co-Founder of Satrec Initiative.
Byung Jin Kim: CEO of Satrec Initiative.

View details of Satrec Initiative's Founder profiles and Board Members

Satrec Initiative's employee count trend

Satrec Initiative has 144 employees as of Aug 26. Here is Satrec Initiative's employee count trend over the years:

Employee count trend for Satrec Initiative

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Top competitors of Satrec Initiative include Planet, ICEYE and Satellogic. Here is the list of Top 10 competitors of Satrec Initiative, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Planet 2010, San Francisco (United States), Public	Provider of daily satellite imagery and geospatial data analytics services	$602M	DCVC, EDBI & 54 others	80/100
2nd	ICEYE 2014, Espoo (Finland), Series F	Manufacturer of radar satellite constellations providing persistent earth observation imagery	$1.25B	True Ventures, Seraphim & 50 others	72/100
3rd	Satellogic 2010, Buenos Aires (Argentina), Public	Provider of satellite based earth imaging and data solutions	$249M	Tencent, Pitanga Invest & 18 others	70/100
4th	Pixxel 2019, Bengaluru (India), Series B	Operator of imaging satellites providing earth observation data solutions	$96M	Lightspeed, NB Ventures & 35 others	67/100
5th	GalaxEye 2021, Bengaluru (India), Series A	Manufacturer of satellites combining radar and multispectral imaging sensor technology	$24.1M	Speciale Invest, Mela Ventures & 52 others	67/100
6th	Synspective 2018, Koto City (Japan), Public	Provider of cloud and AI-based satellite imaging data	$244M	JAFCO Group, Nomura & 24 others	67/100
7th	Axelspace 2008, Chuo City (Japan), Public	Developer of microsatellites and earth observation platform providing related services	$107M	ITV, Mitsui & 26 others	67/100
8th	Spire 2012, San Francisco (United States), Acquired	Provider of space-based data, analytics, and space services using a large nanosatellite constellation in low orbit	$246M	Bessemer Venture Partners, RRE Ventures & 40 others	67/100
9th	Skyfi 2021, Austin (United States), Series A	Provider of satellite imagery, data, and analytics for various industry applications	$28.3M	IronGate Capital Advisors, Buoyant Ventures ... & 10 others	66/100
10th	Muon Space 2021, Menlo Park (United States), Series C	Provider of integrated satellite constellation technology stack for Earth intelligence missions	$386M	Costanoa, Activate Capital & 18 others	66/100
33rd	Satrec Initiative 1999, Daejeon (South Korea), Public	Develop and manufacture small satellites for Earth observation market	-	KTB Ventures, Hanwha Aerospace & 1 others	42/100