Artemis Group Capital
Assembly Line
🚀 Phase Four Series C First Closing
Phase Four, a leader in advanced in-space propulsion design and manufacturing, announced the first close of its Series C funding round, securing nearly 60% of the target raise with strong participation from new and existing investors. “This funding is a pivotal milestone for Phase Four as we scale to meet surging global demand for in-space propulsion from the government and private sector,” said Dr. Umair Siddiqui, Chief Technology Officer at Phase Four. The growth of Phase Four’s manufacturing capabilities addresses a critical supply-demand gap in the space industry. Phase Four is partnered with Redwire Space (RDW: NYSE) on the Valkyrie propulsion system, reflecting both companies’ view that the market for such thrusters will continue to be robust for the foreseeable future.