CONTEC, one of South Korea’s top startups that emerged from the Korea Aerospace Research Institute (KARI), is revolutionizing the space sector through its holistic solutions for downstream data transmitted by satellites. With a wide array of offerings such as Space Ground Station Services, Satellite Image Processing and Application Services, and a complete ground integration solution, CONTEC is at the forefront of the industry. Leveraging advanced AI-based detection and change detection techniques, the company is committed to expanding its global presence by establishing additional ground stations worldwide. Having secured $11 million in Series B funding, CONTEC is poised to provide comprehensive services to space operators.
CONTEC: South Korea’s Top Startup
CONTEC, a Korean startup that originated from the Korea Aerospace Research Institute (KARI), is transforming the space industry with its comprehensive solutions for downstream data transmitted by satellites. The company is focused on capitalizing on the emerging ‘New Space’ era and offers a range of services, including Space Ground Station Services, Satellite Image Processing and Application Services, and a complete ground integration solution.
Using advanced AI-based detection and change detection methods, CONTEC provides satellite image analysis and application services. Currently, the company services major EO satellites with its first station located in Jeju, Korea, and has plans to construct more stations by the end of this year. By 2024, CONTEC aims to have 12 GSs beyond Korea, including Alaska, Chile, Southeast Asia, Europe, Australia, and Africa.
Customers can easily schedule satellite passes and download data through CONTEC ONE, a web-based customer interface that enables pass reservations in just one click. As long as users have a secure internet connection, they can access CONTEC’s ground stations from any location on the earth’s surface.
CONTEC’s Satellite Imagery (SI) service, CONTEC INSIGHT, is a web-based SI application service that includes object detection and change detection using satellite images. This service can be useful for observing changes in SMART Cities, monitoring disasters, and stopping unlicensed constructions. Sejong City, the world’s first ISO-certified smart city in Korea, has already signed a contract with CONTEC to receive its satellite image application service.
Securing $11 million in Series B funding, the startup, with Atinum Investment as the primary investor, has garnered support from four prominent VC investors in Korea—Korean Development Bank, Industrial Banks of Korea, Korean Investment Partners, and Intellian Tech. The capital infusion aims to facilitate the expansion of ground stations and the advancement of cutting-edge technologies, particularly in space-to-ground Free Space Optics (FSO) communication.
CONTEC aims to offer comprehensive services to space operators by providing complete solutions. The company intends to deploy its EO satellites to acquire its own SI data and deliver a range of application services utilizing satellite image data.