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LeoLabs Closes $13 Million Series A to Expand Space Situational Awareness and Mapping Platform

LeoLabs Closes $13 Million Series A to Expand Space Situational Awareness and Mapping Platform

LeoLabs builds and operates phased array radars. This technology was developed at Silicon Valley's leading R&D organization, SRI International. LeoLabs is building a responsive tracking service for Space 2.0.
LeoLabs builds and operates phased array radars. This technology was developed at Silicon Valley's leading R&D organization, SRI International. LeoLabs is building a responsive tracking service for Space 2.0.

In an article provided to PRNewswire by LeoLabs, Inc.:

LeoLabs, Inc., the leading commercial provider of low Earth orbit mapping and Space Situational Awareness (SSA) services, today announced it has closed a $13 million Series A financing round led by global investors WERU Investment and Airbus Ventures. Other investors participating in the round include Space Angels and Horizons Ventures. With this funding, LeoLabs will expand its network of next-generation radars for tracking small debris and satellites in low Earth orbit (LEO), and accelerate development of its ground-breaking LEO mapping and SSA platform.

Low Earth Orbit is rapidly emerging as the commercial frontier in space. New constellations with thousands of satellites, innovative services from imaging to broadband to IoT, and billions of dollars pouring into LEO all point to a future with unprecedented opportunities. These generational changes are transforming LEO into a dynamic ecosystem shared by governments, space agencies, regulators, commercial operators and risk management firms.

Against this backdrop of growth in LEO is also a new generation of risks, the greatest of which is the threat of space debris. Approximately 250,000 dangerous pieces of orbital debris remain untracked in LEO and threaten satellite constellations. In addition to operational risks, the dramatic increase in traffic constitutes a challenge to traditional SSA and regulatory practices. The long term preservation of the entire LEO ecosystem requires a solution.

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July 27, 2018


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