True Anomaly has announced its $260 million fundraise. The Series C financing was led by Accel, with participation from Meritech Capital and existing investors Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya. Debt capital is being provided by Stifel Bank.
True Anomaly was founded to develop advanced autonomous defense products for U.S. and Allied space superiority. In the three years since its founding, True Anomaly has built and launched its Jackal spacecraft, designed and deployed Mosaic software, secured multiple government contracts, opened four offices and two production lines, raised $400M in capital, and built a rapidly growing world-class team. In December, True Anomaly executed its Mission X-2 campaign, and recently announced the launch of its Jackal spacecraft for development in GEO and cislunar orbits, representing critical domains within the space superiority mission set. Jackal’s balance of performance, flexibility, and adaptability will allow True Anomaly to effectively counter threats as fast as they can change.
“The threat to our Armed Forces and way of life from adversary capabilities in, from, and through space demands the complete focus of an innovative industrial partner,” said Even Rogers, CEO and co-founder of True Anomaly. “We are uniquely positioned to partner with the U.S. Government and its allies to place asymmetric, viable deterrence options into the hands of warfighters on record timelines. We’re thrilled to partner with investors who share our vision and confidence in our modular, software-centric approach, and whose support accelerates our mission to deliver resilient, affordable space capabilities that keep our nation and its allies ahead of acute emerging challenges.”
The Series C financing will support True Anomaly’s next phase of growth, vertical integration, facility expansion, product development and implementation. Over the next 18 months, True Anomaly is launching four missions across three different orbits, delivering on new product offerings, and growing its talent pool to more than 250 employees.
“True Anomaly has the right vision, products and leadership to address the critical need to defend U.S. superiority in space. Innovation in space defense is at an early stage, but True Anomaly is a clear frontrunner,” said Jonathan Turner, Partner at Accel. “Building leading capabilities in space is a difficult challenge, but we are impressed with the experience and technical expertise of the True Anomaly team. We have followed True Anomaly for some time, and we feel now is the right moment to support and accelerate their vision and product roadmap.”
