Tag: startup
-
PiLogic Raises $4 Million to Bring AI Diagnostics Onboard Satellites
California-based startup PiLogic has secured $4 million in seed funding to advance artificial intelligence tools designed to diagnose and mitigate satellite issues in orbit, the company announced on Wednesday. PiLogic’s flagship technology, an AI-driven diagnostics model for satellite electrical power systems, is set to launch later this year aboard a customer spacecraft, founder and CEO…
-
New Satellite Constellations Aim to Enhance Global Wildfire Detection
A new generation of Earth observation satellites is being developed to improve global wildfire detection and response, with companies and nonprofits partnering to deliver near real-time data to emergency responders. Muon Space, a California-based satellite startup, launched its FireSat protoflight mission in March and is planning a dedicated constellation of wildfire monitoring satellites in low…
-
South Korea’s Innospace Sees Shares Drop Over 20% in Debut Trading on KOSDAQ
South Korean space launch startup Innospace saw its shares tumble more than 20% in its first day of trading on July 2, closing at 34,450 won ($24.80) on the KOSDAQ exchange. The decline from its IPO price of 43,300 won marked a challenging debut for the company, which raised 57.6 billion won through its initial…
-
Space Circling Secures $13.9M for Cutting-Edge Rocket Engine Development
Chinese launch startup Space Circling, known officially as Shaanxi Tianhui Aerospace Technology Co., Ltd., has successfully clinched over 100 million yuan ($13.9 million) in funding to bolster its pioneering work on innovative rocket engines aimed at powering commercial space endeavors. The Series A funding, unveiled on February 18th, marks a significant milestone for the Xi’an-based…
-
Portuguese Startup Connected Raises Record Pre-Seed Funding for Space-Based IoT Connectivity
Portuguese startup Connected has secured a groundbreaking €2 million funding round, marking the largest Pre-Seed investment ever raised by a Portuguese-based spacetech startup. The company aims to pioneer universal, standardized, and affordable Narrowband Internet of Things (NB-IoT) connectivity from space, addressing the growing demand for satellite-based communication in off-grid areas without terrestrial cellular coverage. Driven…
-
Techstars grad Kepler Communications raises $5M to launch mini satellites by 2017 and double its team
Kepler CEO Mina Mitry. Kepler Communications, a Techstars Seattle graduate building telecom infrastructure for space, just secured $5 million in seed funding. New York venture capital firm IA Ventures led the round. The Toronto-based startup will use the funds to grow its team and launch two tiny satellites into space in the next 15 months. Previously: Startup…