CesiumAstro Secures $60 Million in Oversubscribed Series B Funding

AUSTIN, Texas (CesiumAstro PR) — CesiumAstro Inc. (“Cesium” or “Company”), a developer of advanced aerospace communication systems, today announced it has secured $60 million in an oversubscribed Series B funding round, co-led by Airbus Ventures and Forever Ventures, with strategic participation from L3Harris Technologies (NYSE: LHX). Returning investors include Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO (NYSE: HEI).

CesiumAstro has raised nearly $90 million in capital since its founding in 2017. With this latest financing, Cesium will accelerate the growth of its core research, development, and rapid manufacturing capabilities, and expand its facilities both domestically and abroad.

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CesiumAstro Raises $12.4 Million in Series A Round

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.

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