The UK Space Agency (UKSA) is making funding of up to £14.7 million available to UK companies to develop “cutting-edge space technologies”. The agency says the goal is strengthen the UK’s industrial capability. And the funding will officially be made available through the European Space Agency’s (ESA) General Support Technology Programme (GSTP). This is the ESA’s flagship programme for maturing ...
SatVu, the London-based thermal infrared satellite specialist, has raised £30m ($40m) in its latest funding round, lead by the NATO Innovation Fund. This brings its total equity funding to £60m ($80m) as it bids to provide thermal intelligence previously unavailable from commercial sources. For example, it can provide heat signatures associated with activities in buildings. As mentioned, the latest investors ...
Deep Space Energy has closed its pre-seed round of funding, raising €350K. This is to develop its radioisotopic generator for commercialisation. The goal, eventually, is to power Moon surface exploration. Investment was led by Outlast Fund and Linas Sargautis, an angel investor and a former co-founder of NanoAvionics. Note, the company has also secured an additional €580K via public contracts ...
Array Labs, a Silicon Valley startup specialising in radar payloads for satellite buses, has announced raising $20 million in Series A financing. The investment round was led by Catapult Ventures. Also participating was Washington Harbour Partners, Kompas VC, Y Combinator, and Maiora Ventures. It will be used to to scale its engineering, expand production capacity, and, ultimately, launch a ...
Quindar, the maker of a platform using AI to monitor and automate satellite operations, has raised $18 million in a Series A funding round. The investment was led by Washington Harbour Partners. And there was continued investment from Booz Allen Ventures, FUSE, FCVC, and Y Combinator. The new capital, says Quindar, will enable it to both expand its workforce and ...
Eutelsat, the Paris-based satellite operator, is turning to its existing shareholders for an equity raise – including the UK government – for a further €828m. Reserved capital increase The funding approach, via a reserved capital increase, has been formally agreed by the company’s board. It is for two main reasons, according to Eutelsat. First, supporting investment in developing its existing ...
The small satellite manufacturer U-Space has completed a €24 million Series A funding round. It will fund expansion of the French company’s manufacturing capacity. The round was led by the French Ministry of Armed Forces’ Definvest, which is fund managed by Bpifrance, and Expansion VC. Other investors included Primo Capital, through its investment fund Primo Space, Karot Capital, ARIS, and ...
Fabless companies are benefitting from CHIPs Act funding, with its impact on the talent pipeline, Jim Guzzo of Impinji told Electronics Weekly. Guzzo, the investment in fabs and the development of fab technology is a driver for investment in STEM, science, technology and manufacturing, he said. The fabless, US company develops its own manufacturing processes. This is partly to protect ...
EnduroSat has announced a new funding round of $104 million, which will be used to boost its satellite production capability. Investors include Riot Ventures, Google Ventures, Lux Capital, European Innovation Council Fund, and Shrug Capital. EnduroSat “This latest investment, combined with the launch of our new Space Center, marks a pivotal moment,” said Raycho Raychev, EnduroSat CEO and Founder. “It ...
Catalyx Space, a space infrastructure startup, has announced an oversubscribed $5.4 million Seed funding round. The company specialises in supporting cargo returns from space. The round was led by venture capital firm Outlander VC. Also participating were Arka Venture Labs, Lex Reddy, KDX Management LLC, Together Fund, Higher Life Ventures, Nivesha Ventures, Prana Tech Ventures, Bria, HF0 Residency, and Techstars. ...
