Latest news with #SPADE
United News of India
3 days ago
- Climate
- United News of India
Uttarkashi floods not due to glacial burst, says space tech firm
Chennai, Aug 7 (UNI) Suhora Technologies, an Earth observation and space data analytics company today categorically said the flash flood in the Uttarkashi region of Uttarakhand is not due to any glacial burst. Ruling out the theory of glacial burst, Suhora Technologies took help of satellite images and data analytics and said the flood is due to a cloud burst. Suhora Technologies examined data from the National Remote Sensing Centre (NRSC) and also its own comprehensive glacial lake inventory along with cross-checking through high-resolution optical imagery to verify that there are no glacial lakes present upstream of Dharali village, thereby ruling out a glacial burst as the cause of the flash floods. The company conducted the analysis using Synthetic Aperture Radar (SAR) and high-resolution optical imagery to identify the disaster-hit zones resulting from this catastrophic event. According to the company, it had acquired Synthetic Aperture Radar (SAR) imagery at 11:01 PM on August 5 through its platform, SPADE, which delivered the image in near real-time, enabling timely and accurate analysis of the disaster. As per the analysis Suhora Technologies said approximately 16 hectares of area have been affected, impacting nearly 148 buildings and resulting in widespread disruption to housing, schools, and public infrastructure. In addition, one bridge has been damaged, and about 0.95 km of road has been affected, leading to significant road closures and interruptions in connectivity. 'This incident is a stark reminder of the increasing vulnerability of Himalayan regions to climate-induced natural hazards, emphasizing the need for proactive policy, planning, and community resilience strategies," said Krishanu Acharya, CEO, Suhora Technologies. "Space data analytics can play a critical role in disaster management and can provide actionable insights to government agencies, policymakers and companies, thereby enhancing their ability to respond effectively and build greater resilience against future disasters,' said Acharya. UNI VJ ARN PRS
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Business Standard
08-07-2025
- Business
- Business Standard
Suhora, OSK partner to put India on hyperspectral map, tackle key issues
Suhora Technologies has teamed up with Orbital Sidekick to introduce high-resolution hyperspectral satellite services in India, enabling the identification of rare earth minerals, methane leaks, etc Shine Jacob Chennai Listen to This Article Suhora Technologies, a leading India-based space data analytics company, on Tuesday announced a strategic partnership with US-based Orbital Sidekick (OSK) to introduce first-of-its-kind high-resolution hyperspectral satellite services in India. Through this, India will be able to identify rare earth mineral reserves, detect methane leaks from space, and monitor various other geological developments. This landmark agreement makes Suhora the first Indian company to offer commercial operational hyperspectral data of wide-spectrum (VNIR-SWIR), marking a significant leap forward for the nation's earth observation and geospatial data analytics capabilities. Through this partnership, Suhora will integrate OSK's advanced hyperspectral imagery into its flagship SPADE platform.
Business Wire
17-06-2025
- Business
- Business Wire
Rapid Finance Releases Breakthrough AI Tool to Slash Loan Application Processing Times
BETHESDA, Md.--(BUSINESS WIRE)-- Rapid Finance, a leader in small business financing and enterprise lending solutions, today announced the launch of SPADE (Smart Processing and Data Extraction), a powerful AI-driven module integrated into its flagship data automation platform, Lynx. Designed to automate and accelerate loan processing, SPADE cuts document processing time by over 95%, enabling financial institutions to serve small business clients with speed and precision. SPADE cuts document processing time by over 95%, enabling financial institutions to serve small business clients with speed and precision. Share SPADE leverages advanced machine learning to extract key data from complex, inconsistent and handwritten loan applications submitted in PDF format. Manual processing is often labor-intensive, taking almost 20 minutes or more per application. With SPADE, this process takes as little as 20 seconds, delivering faster service to lenders and their small business customers. 'Small businesses are the heartbeat of our economy, and they deserve a lending process that moves at the speed of their ambition,' said Will Tumulty, CEO of Rapid Finance. 'With SPADE and Lynx working together, we're giving our partners the tools to process applications faster, more accurately, and with less overhead, ultimately transforming how they serve their business banking customers.' In addition to fast data extraction, SPADE offers smart features like automatic document classification, with upcoming capabilities such as company social media sentiment analysis. Fully configurable and extensible, SPADE enhances the already robust Lynx platform by turning unstructured documents into decision-ready data in real time. SPADE consistently matched or exceeded human-level accuracy during internal testing, processing most documents in 15–20 seconds. This performance empowers lenders to significantly scale operations without compromising precision or compliance. As a native module within Lynx, Rapid Finance's end-to-end data automation platform, SPADE seamlessly plugs into existing workflows. Lynx enables institutions to ingest, validate, enrich and review applicant data in real time, making smarter, faster decisions. About Rapid Finance Since 2005, Rapid Finance has been helping small businesses thrive by providing fast, flexible, and technology-driven financing solutions. Through its scalable Lending-as-a-Service platforms, Rapid Finance empowers both small businesses and enterprise partners. Learn more at
