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HomeFunding  TX-based CesiumAstro Secures $65M Oversubscribed Funding

[Funding News]  TX-based CesiumAstro Secures $65M Oversubscribed Funding

CesiumAstro Inc., a leading provider of space communications technology, announced today the closing of a $65 million Series B+ funding round. The round was led by Trousdale Ventures, with matching participation from Development Bank of Japan Inc. and Quanta Computer, Inc. Renowned investors, including Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures (JLR’s investment arm), Matter Venture Partners, MESH Ventures, and Assembly Ventures, also joined the round.

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This investment validates startup’s innovative approach to space communications technology, as exemplified by their industry-leading Vireo multi-beam Ka-band active phased array payload and provider-agnostic Skylark SATCOM terminal, which are disrupting the space communications landscape.

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“This raise fuels our commitment to expanding our software-defined communication solutions for the next era of connectivity, ” said Shey Sabripour, Founder and CEO of CesiumAstro. “We extend our deepest gratitude to our investors for their support in solidifying CesiumAstro’s leadership within the space and defense industries.”

“We are thrilled to lead CesiumAstro’s Series B+ round,” said Phillip Sarofim, Founding Partner and CEO of Trousdale Ventures. “Their innovative technologies are game changers. We have unwavering confidence in Shey’s leadership and CesiumAstro’s team and believe this investment will propel their mission to deliver scalable space tech for a range of applications.”

With $156 million raised in equity capital since its founding in 2017, CesiumAstro will leverage the new funds to accelerate core research and development, bolster its rapid manufacturing capabilities, expand facilities domestically and internationally, and accelerate talent acquisition. This strengthens it’s position as a global leader in space communications technology.

About CesiumAstro

Headquartered in Austin, Texas, with offices in Colorado, California, and the United Kingdom, CesiumAstro builds high-throughput, software-defined phased array communication payloads for airborne and space platforms including satellites, missiles, UAVs, and more. Its full-stack, multi-mission hardware and software products enable a range of commercial, government and defense objectives. It provides full in-house design, manufacturing and testing capabilities based on the ISO AS9100 standard.

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