Wyvern has raised USD $6M in a strategic investment led by Squadra Ventures, with participation from Uncork Capital, Y Combinator, and other investors. The company plans to use this funding to expand its global footprint, strengthen its U.S. market presence, and further develop its hyperspectral imaging technology for sectors like defense, energy, and environmental sustainability. https://lnkd.in/dR64XV66 #SpaceTech #SpaceTechnology
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We cover everything important across SpaceTech. Whether you're interested in the newest Fundraise, latest Trends, most innovative Companies, or the People that drive our industry, we make sure you stay up to date on it all.
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The Union Cabinet has approved a Rs 1,000 crore VC fund for the space tech sector, managed by IN-SPACe. The fund aims to support about 40 startups across India’s space supply chain, boosting employment and innovation in the coming years. Abha Warrier | YourStory Media https://lnkd.in/eBjBj-jW #SpaceTech #SpaceTechnology
Union Cabinet approves Rs 1,000 Cr VC fund for space tech sector
yourstory.com
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Lumen Orbit (YC S24), a startup from Y Combinator’s 2024 summer cohort, has closed an oversubscribed seed round of over $10 million—one of the biggest in its batch. The Redmond-based company is working on bringing data centers to space and is already making notable progress, including plans to launch a demonstrator satellite in 2025 with NVIDIA’s Inception program. https://lnkd.in/g9eXRn7D #SpaceTech #SpaceTechnology
Exclusive: Lumen Orbit closed one of the biggest rounds from Y Combinator's last cohort
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Conflux Technology has secured $11 million in a Series B round, led by Breakthrough Victoria, alongside AM Ventures and Acorn Capital Management, to accelerate the development of its Conflux Production Systems workflow process and strengthen its operations in the US, Europe, and Asia. The round is expected to create 39 new positions at their Victorian facility. https://lnkd.in/dfiqzRiS #SpaceTech #SpaceTechnology
Conflux Technology secures $11 million in Series B round - Australian Manufacturing Forum
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Tensor Ventures has completed the fundraising phase of its first fund and is now targeting a new €50M fund with a focus on space tech and other cutting-edge technologies. Roman Smola shared that the European Investment Fund (EIF) will be the largest LP, contributing €20M, with large investments in the CEE region and beyond. Teodora Atanasova | The Recursive https://lnkd.in/di62AFCw #SpaceTech #SpaceTechnology
Tensor Ventures’ New €50M with Focus on Space Tech and CEE Startups
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Beacon AI has secured $15M in Series A funding to enhance flight deck efficiency and safety with their AI-powered solutions. The round was led by Costanoa Ventures, with Scout Ventures, JetBlue Ventures, and Sam Altman also participating. CEO Matt Cox emphasized Beacon AI's mission to augment pilots with advanced technology. Linda Fox | PhocusWire https://lnkd.in/dQARzAcy #SpaceTech #SpaceTechnology
Beacon AI raises $15M to improve flight deck efficiency
phocuswire.com
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The European space tech industry is booming in 2024, with The Exploration Company leading the way by securing €150 million in funding for its reusable space capsules designed for lunar missions. With new investors like Balderton Capital, TEC is on track to launch its first mission to the moon in 2029 and recently launched its first capsule into space on the Ariane 6 rocket. Abhinaya Prabhu | Tech Funding News https://lnkd.in/ePAC9RKZ #SpaceTech #SpaceTechnology
SpaceX rival emerging: The Exploration Company to secure €150M for reusable capsule development — TFN
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Constellation Technologies & Operations has a bold vision of delivering 5G internet directly from space by leveraging telecom operators' terrestrial networks. With backing from Expansion Ventures and Bpifrance, the company raised €9.3 million and plans to launch a hosted payload by 2025, followed by two prototypes in 2026. Aria Alamalhodaei | TechCrunch https://lnkd.in/dftvM3qt #SpaceTech #SpaceTechnology
Constellation Technologies & Operations wants to work with telecom operators to deliver 5G internet from space | TechCrunch
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OroraTech has raised 25 million euros to expand its wildfire detection satellite constellation. The funding, led by Korys, European Circular Bioeconomy Fund (ECBF), and Bayern Kapital, will support the launch of additional satellites, enhancing coverage and expanding the company’s presence in North America. Quoted in the article, CEO Martin Langer outlined the company’s plans to launch up to 100 satellites in the coming years. Jeff Foust | SpaceNews https://lnkd.in/g9vRtsEF #SpaceTech #SpaceTechnology
OroraTech raises 25 million euros for satellite wildfire detection system
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Space startups gained momentum in Q3 2024, raising $1.9 billion, led by capital-intensive ventures such as rocket launchers and satellite manufacturers. World Labs, a geospatial intelligence firm, secured $230 million from major investors, including NVIDIA, AMD, and Adobe. Lucas Bishop, Investment Associate at Seraphim Space, commented on the growing demand for satellite launches. Akash Sriram | Thomson Reuters. https://lnkd.in/evsgdWqx #SpaceTech #SpaceTechnology
Space startups see funding growth as investors bet on capex-intensive ventures, report says
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