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HomeFunding CA-based LeoLabs Secures $29Million in Funding

[Funding alert] CA-based LeoLabs Secures $29Million in Funding

CA-based LeoLabs secures $29million in funding. Dolby Family Ventures, 1941, GP Bullhound, and current investors Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and Dylan Taylor's AngelList Syndicate were among the backers.

CA-based LeoLabs secures $29million in funding. Dolby Family Ventures, 1941, GP Bullhound, and current investors Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and Dylan Taylor’s AngelList Syndicate were among the backers.

Read also – CA-based Lilac Solutions Secures $145Million in Series C Round Funding

By making additional investments in cutting-edge end-user applications and partner integrations, the company hopes to utilize the cash to scale up its insight offering. Under the direction of CEO Dan Ceperley, LeoLabs helps federal agencies, satellite operators, and businesses all over the world launch and monitor low-Earth orbit operations.

Read also – CA-based Freenome Secures $254Million in Funding

VertexTM, the company’s vertically integrated technological solution, provides the knowledge required to compete in the current space race. Businesses and governments are able to carry out a variety of operations in space with the help of LEO coverage, real-time tracking and analytics.

Dan Ceperley said: “This investment, led by GP Bullhound, enables us to accelerate this effort by bolstering our data architecture and system software. We’re eager to continue serving the space sector as a key operational partner and enable its growth in an emerging era of tens of thousands of satellites.”

About LeoLabs

LeoLabs VertexTM, they are revolutionizing the low-Earth orbit mission launch and tracking processes for satellite operators, businesses, and government agencies. Their unparalleled coverage, instantaneous tracking, and potent insights have made us the go-to choice for corporations and governments globally for the safe execution of space operations.

Read also – CA-based Point2 Technology Secures Additional $22.6Million in Series B Round Funding

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