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Telesat gets government funding for Lightspeed broadband constellation

Alun Williams — Tue, 17 Sep 2024 05:06:22 +0000

Telesat, the Canadian satellite operator, has announced the completion of government funding for its Lightspeed Low Earth Orbit (LEO) broadband satellite constellation. The investment agreements are with the Government of ...

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ATLAS Space Operations raises $15m growth investment

Alun Williams — Tue, 10 Sep 2024 05:06:59 +0000

ATLAS Space Operations has raised $15 million in an investment round led by NewSpace Capital, a space-focused private equity firm. Existing investors – including Michigan Capital Network, Beringea, Wakestream Ventures ...

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AstroForge raises Series A for asteroid mining

Alun Williams — Fri, 30 Aug 2024 05:06:01 +0000

AstroForge, the asteroid mining startup, has raised $40 million in Series A funding to “unlock a cost-effective and sustainable mining solution”. The company’s aim is to establish an untapped supply ...

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Synopsys posts 13% revenue increase for Q3

Caroline Hayes — Thu, 22 Aug 2024 11:05:25 +0000

EDA tool and semiconductor IP company, Synopsys, has announced revenue of $1.526bn for Q3 2024, up approximately 13% from Q3 2023. The company also announced it is expecting record full-year ...

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Astroscale secures funding for Final Phase of ELSA-M In-Orbit demo

Alun Williams — Mon, 05 Aug 2024 05:06:02 +0000

Astroscale, a specialist in space debris removal, has secured finding to complete the Final Phase of ELSA-M. This is an in-orbit demonstration of space debris removal. Specifically, Astroscale UK – ...

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UK AI chip company exits stealth mode, raises $15m seed funding

David Manners — Fri, 26 Jul 2024 08:20:37 +0000

Fractile, a UK company building an AI chip, has exited stealth and announced $15m (£12m) in seed funding. The round was co-led by Kindred Capital, NATO Innovation Fund, and Oxford ...

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Sift raises $17.5m Series A for hardware sensor data platform

Alun Williams — Thu, 11 Jul 2024 05:06:29 +0000

Sift, a startup providing an “observability platform” for hardware sensor data, has raised $17.5 million in Series A funding. The round was led by Google Ventures and brings Sift’s total ...

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NATO Innovation Fund backs Isar Aerospace in extended Series C

Alun Williams — Thu, 04 Jul 2024 05:06:16 +0000

The Munich-based satellite launch service company Isar Aerospace has extended its Series C funding round by €65m – it now totals €220m ($230m) – with backing from the NATO Innovation ...

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Synspective raises $43.5m Series C for SAR satellite constellation

Alun Williams — Fri, 28 Jun 2024 09:20:03 +0000

Synspective, the Tokyo based SAR (synthetic aperture radar) satellite data specialist, has raised ¥7 billion ($43.5 million) in a Series C funding round. The company says it will use the ...

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AFWERX funds LeoLabs radar tech for security in space

Alun Williams — Fri, 28 Jun 2024 05:06:08 +0000

LeoLabs has been has been selected by AFWERX to develop next-generation radar technology to counter security threats in space. The SBIR (Small Business Innovation Research) Phase II contract is worth ...

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