Tag: funding
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Orbital AI: Seattle-area startup Starcloud hits $1.1B valuation to build space-based data centers
Image of a Starcloud deployment of its space-based data center. (Starcloud Photo) Starcloud, a startup building solar-powered data centers that operate in space, announced $170 million in new funding Monday, vaulting it to unicorn status with a $1.1 billion valuation. The Redmond, Wash.-based company is now the fastest in Y Combinator history to hit that…
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Seattle startup Integrate lands $17M to expand its super-secure project management tool for defense tech
The team at Seattle startup Integrate. (Integrate Photo) Seattle’s Integrate on Wednesday announced $17 million in new funding to broaden the scope of its super-secure project management tool that targets complex operations in defense, space and other sectors. Integrate landed a $25 million contract last June from the U.S. Space Force to support the deployment…
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NASA to End Funding for Independent Planetary Science Advisory Groups
NASA said it will end financial support for a network of independent advisory groups that for decades have helped guide the agency’s planetary science research, a move that limits formal channels for outside scientific input and reduces public visibility into agency operations. The decision was communicated late Friday in a letter from Louise Prockter, director…
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Gilmour Space Raises US$145 million to Expand Australia’s Domestic Space Capability
Gilmour Space Technologies has secured A$217 million (US$145 million) in private equity funding to support the next phase of growth in Australia’s domestic space industry, as the company advances plans to deliver sovereign launch and satellite capabilities. The Series E round was jointly led by the National Reconstruction Fund Corporation and Hostplus, with participation from…
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CesiumAstro Secures $200 Million in U.S. Government-Backed Financing for Defense Expansion
Space communications company CesiumAstro has secured $200 million in government-backed financing as it deepens its focus on national security and defense customers, the company said this week. The financing package was jointly provided by the Export-Import Bank of the United States (EXIM) and JPMorgan Chase. It includes $185 million in an EXIM-authorized debt facility and…
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CNES, Île-de-France Launch €1 Million AI Challenge for Satellite Data Analysis
The Centre National d’Études Spatiales (CNES) and the Île-de-France region have launched a €1 million ($1.1 million) challenge aimed at accelerating the use of artificial intelligence to analyse satellite data, as part of France’s broader push to strengthen its space and AI capabilities. The initiative, known as the AI for Space Challenge, was first announced…
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Interstellar Technologies Raises $130 Million in Series F to Advance Japan’s Private Launch Capabilities
Interstellar Technologies said it has completed 20.1 billion yen ($129.7 million) in Series F financing, one of the largest fundraising rounds to date for a privately held space startup in Japan, as the company accelerates development of its orbital launch vehicle and satellite business. The round was completed through a third-party allotment of new shares…
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U.S. Senate Boosts Funding for NASA, NOAA, NSF in Rejection of Trump Budget Cuts
The U.S. Senate voted overwhelmingly on Thursday to provide billions of dollars more in funding for major federal science agencies than requested by the Trump administration, rejecting proposed deep cuts to research, space science and weather programs. In an 82–15 vote, the Senate approved a so-called minibus spending package funding agencies including the National Aeronautics…
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ThinkOrbital Raises Seed Funding to Build Orbital Defense, Infrastructure Systems
ThinkOrbital Inc said it has closed a seed funding round led by TFX Capital to accelerate development of its defense-focused space technologies, including on-orbit servicing, space-to-space inspection and large-scale in-space construction. The company said the new funding will support the advancement of capabilities designed to inspect, service and build systems in orbit at scales that…
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India’s Aule Space Raises $2 Mln to Develop Autonomous Satellite Servicing
Indian deep-tech start-up Aule Space said on Thursday it has raised $2 million in a pre-seed funding round to advance development of autonomous satellites capable of docking with and servicing other spacecraft in orbit. The round was led by venture capital firm pi Ventures, with participation from angel investors including Eash Sundaram, a former Intelsat…