AUSTIN, Texas (CesiumAstro PR)– CesiumAstro, Inc., pioneer of “out-of-the-box” high-performance multi-beam active phased array communication systems for space and airborne platforms, has announced the closing of a $12.4 million Series A funding round led by Airbus Ventures.
Additional investors in the round include Kleiner Perkins, Franklin Templeton Venture Fund, Lavrock Ventures, Honeywell Ventures, and Analog Devices Ventures. Funds will be used to scale the team and expand the development of a wide range of frequency offerings and system configurations to meet the growing demand for affordable, high-throughput aerospace plug-and-play communications systems.
Spaceport America has announced that SpinLaunch has signed a lease to conduct tests at the facility in southern New Mexico.
“An addition of 20 new jobs will be added locally, as well as investment by SpinLaunch of $7 million in construction capital and $1 million in local infrastructure development for the company,” the spaceport said in a press release.
SpinLaunch is developing a kinetic energy launch system that would spin in a circle at up to 5,000 miles per hour before it is released to fly to space. The system would not use any propellants.
The California company is leasing acreage from the commercial space hub near Truth or Consequences and will build a facility employing at least 20 people, according to spokeswoman Diane Murphy. It will include a launch site that Murphy said will serve as a testing grounds for its launching technology.
Spaceport CEO Dan Hicks said there was potential for a lease extension. SpinLaunch will invest $7 million in facility construction and $1 million in infrastructure development. The deal is important for the $220 million taxpayer-subsidized Spaceport, which has struggled in the past to secure tenants….
Murphy also said the company considered several locations for the test site, but that Spaceport provided the best mix of affordability and location. New Mexico’s renewable energy potential, universities and young labor pool were also considered assets.
SpinLaunch raised $40 million in venture funding last year. Most of the money came from Airbus Ventures, Alphabet Inc.’s GV (formerly Google Ventures), and Kleiner Perkins Caufield & Byers.
Bloomberg reports that Silicon Valley startup SpinLaunch has raised $40 million for a new approach to launching small satellites.
The company remains tight-lipped about exactly how this contraption will work, although its name gives away the basic idea. Rather than using propellants like kerosene and liquid oxygen to ignite a fire under a rocket, SpinLaunch plans to get a rocket spinning in a circle at up to 5,000 miles per hour and then let it go—more or less throwing the rocket to the edge of space, at which point it can light up and deliver objects like satellites into orbit.
SpinLaunch’s so-called kinetic energy launch system would use electricity to accelerate a projectile and help do much of the dirty work fighting through gravity and the atmosphere. In theory, this means the company could build a simpler, less expensive rocket that’s more efficient at ferrying satellites. “Some people call it a non-rocket launch,” said [founder Jonathan] Yaney. “It seems crazy. It seems fantastic. But we are actually using relatively low-tech industrial components to break this problem into manageable chunks.”
An impressive group of investors have signed on to support Yaney’s vision. The bulk of the $40 million came from Alphabet Inc.’s GV (formerly Google Ventures), Kleiner Perkins Caufield & Byers and Airbus Ventures.
TOKYO, Sept. 13, 2017 (Infostellar PR) — Infostellar, developer of a cloud-based satellite antenna sharing platform, announced today a $7.3 million Series A investment, led by Airbus Ventures, with additional funds from WERU Investment, D4V, Sony Innovation Fund, and existing investors, FreakOut Holdings, and 500 Startups Japan. This financing will be used to fund the launch of Infostellar’s flagship platform, StellarStation, expand its network of partner antennas, and hire additional talented team members.
Lausanne, Switzerland (August 10th, 2017) – ELSE SA, the Swiss new space start-up, today announced the funding of a $3 million seed round. The successful capital raise was enabled by a group of investors including Airbus Ventures, a Geneva-based Independent Assets Manager and Multi Family Office, as well as numerous additional Swiss- and internationally-based private investors. The seed round follows $3 million previously raised by the company in public support.