The round was backed by Inflection, Final Frontier, and other investors to scale ground station construction and hardware manufacturing.
"Every time you tap your card, check your map or make a phone call, you’re relying on satellite infrastructure — but the technology we use to track exactly where satellites are hasn’t kept up with the explosion of the space economy."
Winfred reads them overnight, pulls out the facts, checks them against Companies House and files them. It was built by C8VA, who do the same kind of work for other businesses: turning messy, unstructured material into something you can search, count and rely on.
The Series A round was led by Voyager Ventures to fund the construction of a new production facility in the Thames Valley.
"For sixty years, VLEO has been treated as too hostile an environment for commercial satellites — but it is in fact the most valuable empty real estate in space. Today, no one in the industry has a reliable, affordable, and fast way to fly payloads into very low Earth orbit. We built our NEO-1 satellite to do exactly that,"
The seed round was co-led by LocalGlobe and Breega.
"We are enabling the creation of more perfect crystals in orbit that unlock drug formulations simply not achievable on Earth–a paradigm shift for cancer therapies and the pharmaceutical industry at large"
The round was led by Santander Alternative Investments to support the commercial rollout of the company optical ground station.
"It is an exciting moment for Archangel Lightworks to be able to announce this successful round of capital as the demand for space-based information and connectivity continues to grow exponentially. The Archangel Lightworks team has done incredible work designing, building, and deploying our laser communications systems, and now is the time for us to accelerate with our partners, new and old, to meet the needs that we are hearing from our customers across markets."
The British Business Bank contributed £5m to the £30m financing alongside several new and existing backers.
"SatVu has created a unique technology at a time of great demand for defence innovation. They have proved the strategic value of their technology so we are pleased to provide the funding that will help them to scale and win further contracts."