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.

(more…)

Intelsat Announces Successful Emergence from Financial Restructuring Process

WASHINGTON (Intelsat PR) — Intelsat S.A. announced today that it has successfully completed and emerged from its financial restructuring process as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary conditions.

Intelsat’s now effective Plan of Reorganization, supported by all creditor groups and confirmed by the Bankruptcy Court on December 16, 2021, has reduced the Company’s debt by more than half, from approximately $16 billion to $7 billion.

(more…)

HawkEye 360 Adds Leidos as Investor to Bring Series D Round to $150 Million

Leidos enters into strategic partnership to develop advanced collaborative analytics leveraging HawkEye 360’s unique RF intelligence data

Herndon, Va., January 6, 2021 (HawkEye 360 PR) — HawkEye 360 Inc., the world’s leading commercial provider of space-based radio frequency (RF) data and analytics, today announced it has added Leidos as an investor and strategic partner in a second close of its Series D round. The $5 million investment from Leidos brings the total value of Series D funding to $150 million. As a strategic partner, Leidos will use its expertise in developing advanced analytics to leverage HawkEye 360’s unique RF geospatial intelligence data.

(more…)

HawkEye 360 Raises $145 Million in Series D Round to Expand Dominance of the Commercial Radio Frequency GEOINT Market

HawkEye 360 RF geolocating microsatellite constellation. (Credit: SFL)

Herndon, Virginia, November 8, 2021 (HawkEye 360 PR) — HawkEye 360 Inc., the world’s leading commercial provider of space-based radio frequency (RF) data and analytics, today announced it has closed $145 million in new funding, priming the company to achieve transformational growth in its data and analytical services product line. This Series D round was led by New York-based global private equity and venture capital firm Insight Partners and Seraphim Space Investment Trust (LSE:SSIT), the world’s first listed space tech fund. Additional funding was provided by the Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun Holding. And joining the round were new investors Jacobs, Gula Tech Adventures, 116 Street Ventures, and New North Ventures, as well as existing investors Advance, Razor’s Edge, NightDragon, SVB Capital, Shield Capital, Adage Capital, and others. This brings the total amount of capital raised to date to $302 million.

(more…)

Viasat and Inmarsat to Combine, Creating a New Leading Global Communications Innovator

– Accelerates Availability and Customer Choice for Broadband and IoT Services in Highly Competitive, Fragmented Global Markets

– Complementary Resources and Assets Create New Opportunities for Enhanced Growth and Innovation in Multi-band, Multi-orbit, Hybrid Space and Terrestrial Networks

– Increased Financial Strength and Resiliency Expected to Provide a Solid Foundation for Innovation and Capital Investment with Enhanced Free Cash Flow

CARLSBAD, Calif., and LONDON, Nov. 8, 2021 (ViaSat/Inmarsat PR) — Viasat Inc., (NASDAQ: VSAT), a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced they have entered into a definitive agreement under which Viasat will acquire Inmarsat in a transaction valued at $7.3 billion, comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion based on the closing price on Friday November 5, 2021, and the assumption of $3.4 billion of net debt.

(more…)