Isotropic Systems secures £29.2m in Series B funding led by SES to advance satellite antenna technology
SES led the Series B round to support the commercialisation of multi-beam antennas and company expansion in the UK.
Isotropic Systems develops transformational broadband terminal technologies designed to improve connectivity across the satellite ecosystem.
Isotropic Systems has secured £29.2m in a Series B funding round led by SES to accelerate the development of its multi-beam antenna technology. The investment will support the commercialisation of its next-generation ground terminals ahead of a planned 2022 launch and fund the expansion of its testing facilities and team in Reading.
The oversubscribed round drew participation from a range of strategic and venture backers, including Orbital Ventures, the UK Government via the Future Fund, and existing investors such as Boeing HorizonX Global Ventures, Space Angels, and Firmament Ventures. The capital will enable the firm to ramp up production as new satellite constellations come online across various orbits.
From the founder
"Isotropic Systems is extremely well positioned to unlock a new age of high-powered, multi-orbit connectivity with our next-gen multi-beam antenna,"
John Finney
Founder and CEO at Isotropic Systems
Investor perspective
"At SES, we believe in doing the extraordinary in space to deliver amazing experiences on earth and delivering amazing experiences requires innovation across the ecosystem. That’s why we are building our next-generation system, O3b mPOWER, together with innovators like Isotropic Systems. Isotropic’s multi-beam antenna plays an important role in our multi-orbit strategy and is a key enabler for advanced satellite services on land, in the air and at sea. Our investment reflects the potential that we believe this breakthrough technology has for SES and for the industry as a whole."
Steve Collar
CEO, SES
Use of funds
- 01Continue product development
- 02Grow the team
- 03Build out infrastructure
Investors
Steve Collar
SES
Gareth Keane
Orbital Ventures
Future Fund
Boeing HorizonX Global Ventures
Space Angels
Firmament Ventures
Categories
About the company
Isotropic Systems
Isotropic Systems builds advanced multi-link antennas for satellite communication.