{"id":50159,"date":"2024-11-15T00:54:57","date_gmt":"2024-11-14T16:54:57","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/starfish-gets-29m-in-new-funding-to-complete-development-of-otter-spacecraft\/"},"modified":"2024-11-15T00:54:57","modified_gmt":"2024-11-14T16:54:57","slug":"starfish-gets-29m-in-new-funding-to-complete-development-of-otter-spacecraft","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/starfish-gets-29m-in-new-funding-to-complete-development-of-otter-spacecraft\/","title":{"rendered":"Starfish Gets $29M in New Funding to Complete Development of Otter Spacecraft"},"content":{"rendered":"<\/p>\n<p><strong>Starfish Space<\/strong>&nbsp;on Wednesday announced a new funding round that will allow it to complete development and build of three spacecraft that will be used for on-orbit docking and maneuvering missions for several customers, including the <strong>U.S. Space Force<\/strong>.<\/p>\n<p data-uw-rm-sr=\"\">The $29 million fund raise follows an earlier Series A round and brings the Washington-based company\u2019s total funding to more than $50 million.<\/p>\n<p>Shield Capital led the funding raise with major participation from new investors&nbsp;<strong>Point72 Ventures<\/strong>,&nbsp;<strong>Booz Allen Hamilton<\/strong>\u2019s venture unit, <strong>Aero X Ventures<\/strong>,&nbsp;<strong>Trousdale Ventures<\/strong>, and&nbsp;<strong>TRAC VC<\/strong>. Existing investors&nbsp;<strong>Munich Re Ventures<\/strong>,&nbsp;<strong>Toyota Motor Corp.<\/strong>\u2019s venture arm, <strong>NFX<\/strong>, and&nbsp;<strong>Industrious Ventures<\/strong>&nbsp;also contributed.<\/p>\n<p>Starfish is developing three Otter servicing spacecraft for the Space Force, NASA, and&nbsp;Intelsat.<\/p>\n<p>\u201cThis new round of funding is a pivotal moment in the journey of Starfish Space, as it will allow us to launch the first Otter satellites to orbit,\u201d Austin Link, a company co-founder, said in a statement.<\/p>\n<p data-uw-rm-sr=\"\">In May, U.S. Space Systems Command awarded the small company a $37.5 million Strategic Funding Increase (STRATFI) for Otter to dock with, and augment maneuvers of, national security space assets. Starfish is required to provide $30 million in venture capital investment as part of the STRATFI award.<\/p>\n<p>For Intelsat, Otter will be used for a life extension mission, and for NASA a debris inspection operation in Low Earth Orbit. The missions for Intelsat and the Space Force, which will launch to Geostationary Orbit, are set for 2026.<\/p>\n<p>Starfish\u2019s proprietary CETACEAN and CEPHALOPOD software systems provide autonomous navigation and docking capabilities, and the company\u2019s Nautilus capture mechanism is designed to lock with client satellites.<\/p>\n<p><em>This story was first published by Defense Daily<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starfish Space&nbsp;on Wednesday announced a new funding round that will allow it to complete development and build of three spacecraft that will be used for on-orbit docking and maneuvering missions for several customers, including the U.S. Space Force. The $29 million fund raise follows an earlier Series A round and brings the Washington-based company\u2019s total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50160,"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":[],"class_list":["post-50159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/50159"}],"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=50159"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/50159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/50160"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=50159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=50159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=50159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}