![\"CesiumAstro](\"https:\/\/cdn.satnow.com\/news\/ce_C_638548076505352764.jpeg\")
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CesiumAstro, one of the leading providers of space communications technology, announced the closing of a $65 million Series B+ funding round. The round was led by Trousdale Ventures, with matching participation from the Development Bank of Japan and Quanta Computer. Renowned investors, including Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures (JLR\u2019s investment arm), Matter Venture Partners, MESH Ventures, and Assembly Ventures, also joined the round.<\/p>\n
\u200dIndustry Leaders Back Groundbreaking Technology<\/strong><\/p>\n This investment validates CesiumAstro\u2019s innovative approach to space communications technology, as exemplified by their industry-leading Vireo<\/strong> multi-beam Ka-band active phased array payload and provider-agnostic Skylark<\/strong> SATCOM terminal, which are disrupting the space communications landscape.<\/p>\n \u201cThis raise fuels our commitment to expanding our software-defined communication solutions for the next era of connectivity, \u201d said Shey Sabripour<\/strong>, Founder and CEO of CesiumAstro. \u201cWe extend our deepest gratitude to our investors for their support in solidifying CesiumAstro\u2019s leadership within the space and defense industries.\u201d<\/p>\n Trousdale Ventures Leads Funding Round, Voice Confidence in CesiumAstro\u2019s Vision<\/strong><\/p>\n \u201cWe are thrilled to lead CesiumAstro’s Series B+ round,\u201d said Phillip Sarofim<\/strong>, Founding Partner and CEO of Trousdale Ventures. \u201cTheir innovative technologies are game changers. We have unwavering confidence in Shey\u2019s leadership and CesiumAstro\u2019s team and believe this investment will propel their mission to deliver scalable space tech for a range of applications.\u201d<\/p>\n Funding Boosts Growth and Global Expansion<\/strong><\/p>\n With $156 million raised in equity capital since its founding in 2017, CesiumAstro will leverage the new funds to accelerate core research and development, bolster its rapid manufacturing capabilities, expand facilities domestically and internationally, and accelerate talent acquisition. This strengthens CesiumAstro\u2019s position as a global leader in space communications technology.<\/p>\n DBJ Backs CesiumAstro\u2019s Mission to Transform Space Communications<\/strong><\/p>\n \u201cCesiumAstro’s full-mission payloads for space and air have huge potential to enable the next generation of connectivity solutions,\u201d noted Masao Masuda<\/strong>, Managing Executive Officer at Development Bank of Japan. \u201cTo deliver those advancements, DBJ is excited to help CesiumAstro form connections in space and non-space industries, including in Japan.\u201d<\/p>\n A Team Built for Success<\/strong><\/p>\n CesiumAstro\u2019s more than 200 engineers, scientists, and business professionals, combined with its in-house rapid prototyping, testing, and manufacturing capabilities, positions them for continued success. The Company boasts a robust portfolio spanning development, production, and deployment of high-reliability space communication systems.<\/p>\n \u201cIn a world where connectivity and national security are increasingly entwined, CesiumAstro emerges with a unique combination of team, capability, and ambition jointly built to power a new era harnessed by reliable, high-powered connectivity,\u201d remarked CesiumAstro Board Member and Airbus Ventures Managing Partner, Thomas d\u2019Halluin<\/strong>. \u201cThis latest round of investment signifies the collective force that Shey and the team have unlocked to accelerate an impressive roadmap in a moment that will be defined by the agility and strength of dual-use frontier technologies\u2014with secure connectivity being an essentially relevant global priority.\u201d<\/p>\n Legal Representation<\/strong><\/p>\n Optimal Counsel LLP served as legal advisor to CesiumAstro.<\/p>\n","protected":false},"excerpt":{"rendered":" CesiumAstro, one of the leading providers of space communications technology, announced the closing of a $65 million Series B+ funding round. The round was led by Trousdale Ventures, with matching participation from the Development Bank of Japan and Quanta Computer. Renowned investors, including Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures (JLR\u2019s investment arm), Matter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[26,25,42,20],"class_list":["post-6783","post","type-post","status-publish","format-standard","hentry","category-news","tag-ground","tag-launch","tag-satcom","tag-satellite"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/6783"}],"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=6783"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/6783\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=6783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=6783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=6783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}