
Astranis has successfully raised $200 million in a Series D funding round led by a16z Growth Fund and co-led by BAM Elevate. This latest round brings the total capital raised by the San Francisco-based satellite developer to $750 million. The funding will fully finance the Omega satellite program, which aims to build and launch 100 MicroGEO satellites by 2030. Astranis, known for developing small broadband communications satellites, has also sold $1 billion in satellite services and secured over $16.5 million in US government contracts. The company has established a manufacturing facility in San Francisco and assembled a world class team of 350 experts. Since fiftyyears led the pre-seed round in 2016, Astranis has made significant strides, including the development of the Omega constellation. This milestone brings Astranis closer to its mission of providing affordable internet access to millions around the world.
Astranis just announced a new round of funding to build more satellites! I sat down with @Gedmark to talk about how Astranis will use this $200M of capital and the future of building in America and space ๐บ๐ธ๐ฐ๏ธ๐ฐ๏ธ๐ฐ๏ธ https://t.co/iIrMMm4CHW https://t.co/itNfu2yNQV
Congratulations to @Astranis and @Gedmark on this milestone. Now another step closer to connecting the remainder of the world to the internet. https://t.co/nxjohaWzCd
Satellite developer @Astranis raised a fresh $200M round to build out its Omega satellite program. The San Francisco-based startup, which develops small broadband communications satellites for telecoms, is just the latest space startup to raise big cash. https://t.co/yPtvcqPixK
