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SatSure Sparta

SatSure

Crops:

Rice, Maize

Categories:

Insurance
Remote Sensing

Countries:

Myanmar
Philippines

About
SatSure Sparta is an open innovation data platform that enables the combination of satellite imagery with weather, IoT, social and economic datasets, among others, to generate timely, location-specific and actionable insights that can be used by agritech companies, agrifood corporates and financial services firms.

Capability and features
Agribusinesses can use SatSure Sparta to access satellite data products as APIs to build and scale agricultural advisory and farm management solutions. By using SatSure Sparta, clients do not need to invest in building remote sensing teams and can scale their businesses faster by easily integrating spatial intelligence into their operations and offering satellite-derived predictive insights as a value-add to their customers.

Input manufacturers can use SatSure Sparta for crop health monitoring, crop yield data and to build historical crop databases for analysis of cropping and climate patterns. This can enable better business planning and supply chain efficiency.

Financial institutions can also use SatSure Sparta’s historical crop data at the farm and village level to assess farm-level risk and regional economic development.

Progress to date
In India, banks have provided loans to almost two million farmers using SatSure’s platform. About 500,000 farmer insurance claims have been settled using information from the platform. SatSure has also provided advisory services to more than 100,000 farmers through their clients. 

In the Philippines, SatSure, in partnership with the Philippines Department of Agriculture and a crop insurance company, has worked with about 90,000 farmers to provide improved yield assessments, post-typhoon damage assessments and targeted extension services. SatSure is also reaching about 15,000 farmers in Myanmar through their partnership with Maha Microfinance. 

SatSure partners with Microsoft in India and Amazon Web Services in the APAC region as well as about 71 agritech firms in India. In 2019, SatSure was a finalist in MIT’s Inclusive Innovation Challenge, selected as one of the top innovators by the World Bank in their Agriculture InsureTech Innovation challenge and awarded an ADB Ventures award. SatSure is also a member of the World Economic Forum’s Global Innovators Community.

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