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 not only validates our strong market traction but significantly accelerates our ability to deliver highly capable, cost-effective satellite constellations at an unprecedented scale, moving us closer to a future where space data will become universally accessible and instantly available.”
EnduroSat says it aims to accelerate time-to-orbit by enabling the production of two ESPA-class (200-500kg) satellites per day. The company’s goal is “streamlining access to space data”.
For its part, Riot Ventures highlighted increasing satellite demands from governments looking for space sovereignty.
“EnduroSat is redefining how space infrastructure is built and deployed,” said Stephen Marcus, Co-Founder and General Partner of the VC. “Their production capabilities are aligned with the evolving demands of a new generation of satellite operators.”
“We believe EnduroSat is uniquely positioned to empower businesses and governments to leverage the advantages of their own dedicated space assets, and we’re excited to support this vision.”
Luxembourg
EnduroSat has its headquarters in Luxembourg but has its main R&D operations in Bulgaria. It also has offices in Berlin, Toulouse, Naples and Delaware, employing 130 people.
In 2023, Endurosat was raising $10 million Series A. And it was opening the new Space Center in Sofia, a 188,340-square-foot facility. It features, for example, advanced RF labs, hardware and mechanical labs, ISO-classified clean rooms, and space qualification facilities.
Users of its “GroundBreaker” include Space IoT company Sateliot. This is building a LEO constellation based on the standard 5G protocol, allowing commercial Nb-IoT devices to roam between mobile networks and Sateliot’s satellite constellation.
Image: Endurosat
