Star Catcher has raised $65 million in Series A funding to support development of its orbital power-beaming technology and finance its first in-space demonstration mission later this year.<\/p>\n
The funding round was led by B Capital and co-led by Shield Capital and Cerberus Ventures.<\/p>\n
Additional investors included GreatPoint Ventures, Helena, Oceans Ventures and MVP Ventures.<\/p>\n
The company said the latest financing brings its total capital raised to $88 million.<\/p>\n
Star Catcher is developing a space-based energy distribution system designed to collect solar energy in orbit and beam concentrated power to satellites and spacecraft using existing onboard solar cell hardware.<\/p>\n
The technology is intended to help smaller satellites perform more power-intensive missions and potentially support spacecraft experiencing failures such as undeployed solar arrays.<\/p>\n
The company plans to conduct its first orbital demonstration of the technology later this year.<\/p>\n
A second space mission is already under development, according to the company.<\/p>\n
As part of the investment round, several representatives from participating firms will join Star Catcher\u2019s board of directors.<\/p>\n
They include retired U.S. general John \u201cJay\u201d Raymond from Cerberus Ventures, who previously served as chief of the United States Space Force, Jeff Johnson, global head of energy at B Capital, and David Rothzeid, principal at Shield Capital.<\/p>\n
Star Catcher said the technology has applications across both commercial and government space markets and that the funding would help deepen engagement with U.S. national security customers.<\/p>\n
Earlier this year, the company completed a terrestrial demonstration of its technology by transmitting solar power across the football stadium used by the Jacksonville Jaguars in Florida.<\/p>\n
The company now aims to validate the system\u2019s performance in orbit as interest grows in space-based power infrastructure for satellites and future space operations.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Star Catcher has raised $65 million in Series A funding to support development of its orbital power-beaming technology and finance its first in-space demonstration mission later this year. The funding round was led by B Capital and co-led by Shield Capital and Cerberus Ventures. Additional investors included GreatPoint Ventures, Helena, Oceans Ventures and MVP Ventures. […]<\/p>\n","protected":false},"author":1,"featured_media":20212,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[5797,6431,6433,291,6435,6436,2361,6439,6440,6442,6444,6445,6447,6083,5812,6450,5859,4516,4998,6451,5783,5739,436,6452,6453,5841,6454],"class_list":["post-20211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aerospace-industry","tag-b-capital","tag-cerberus-ventures","tag-commercial-space","tag-david-rothzeid","tag-energy-transmission","tag-florida","tag-greatpoint-ventures","tag-helena","tag-jacksonville-jaguars","tag-jeff-johnson","tag-john-jay-raymond","tag-mvp-ventures","tag-national-security-space","tag-north-america","tag-oceans-ventures","tag-orbital-infrastructure","tag-power-beaming","tag-satellite-technology","tag-shield-capital","tag-space-industry","tag-space-technology","tag-space-based-solar-power","tag-spacecraft-power-systems","tag-star-catcher","tag-united-states","tag-united-states-space-force"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/20211"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=20211"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/20211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/20212"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=20211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=20211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=20211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}