Astranis Space Technologies (Astranis)
Canvas Category OEM : Aerospace
Astranis is the only company building a critically-needed technology: next-gen spacecraft for Geostationary Orbit.
Assembly Line
Astranis raises $200 million Series D, fully funding Omega development program
Astranis has raised a $200 million Series D, led by a16z Growth Fund and co-led by BAM Elevate. This brings our total capital raised to $750 million, and gets us one step closer to launching 100 MicroGEO satellites by 2030 — and connecting millions to affordable internet.
Inside the Astranis Satellite Factory — How to Connect Millions
How to Build the World's Most Powerful Satellite
Astranis Raises $250 Million From Top Growth Investors
Astranis, the company building the next generation of telecommunication satellites, announced a $250 million Series C financing round, valuing the company at $1.4 billion. The financing was led by funds managed by BlackRock, with significant participation from new investors Baillie Gifford, Fidelity Management & Research Company LLC, Koch Strategic Platforms, Monashee Investment Management, and Uncorrelated Ventures. Existing investors Andreessen Horowitz, Venrock, Fifty Years, ACE Early Stage Partners, Harpoon Ventures, Indicator Fund, Industry Ventures, Jaan Tallinn, Jeff Dean, Jerry Yang’s AME Cloud, Jude Gomila, Refactor Capital, Rising Tide Fund, SOMA Capital, and others also participated in the round.
The new funding will be used to significantly expand production of Astranis’s unique microsatellite platform, built to satisfy the significant global demand for affordable broadband. Additionally, Astranis will dramatically accelerate new technology research and development to support its next-generation platforms. That includes the company’s proprietary software-defined radio technology, which increases satellite performance and flexibility, and allows manufacturing at scale, lowering the price point to end-consumers.