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HomeFunding CA-based ExLabs Secures $1.9Million in Tactical Funding Increase

[Funding News] CA-based ExLabs Secures $1.9Million in Tactical Funding Increase

ExLabs, a space exploration company, secures $1.9million in tactical funding Increase. This financing, together with private investment, will hasten the company's Autonomous Capture & Acquisition Robot (ACQR) system's development.

ExLabs, a space exploration company, secures $1.9million in tactical funding Increase. This financing, together with private investment, will hasten the company’s Autonomous Capture & Acquisition Robot (ACQR) system’s development.

ExLabs is a space exploration firm headed by CEO Matthew Schmidgall that is creating scale spacecraft for utility and capture capabilities. Its Autonomous Capture & Acquisition Robot (ACQR) system seeks to offer an adaptable way to control and capture things that are not cooperative.

Read also – [Funding News] MI-based Vehya Secures $2.1Million in Seed Funding

Future missions will require the ACQR system to ensure secure control over mission-critical items in space and to enable autonomous capture operations.

About ExLabs

ExLabs is a cutting-edge aerospace startup whose goal is to build extensive infrastructure in order to maximise the use of space resources. Their goal is to exploit space’s abundant resources and develop long-term fixes that will help humanity.

They provide high-power utility and payload capacity with their large-scale modular spaceship architecture, utilising cutting-edge wire arc additive manufacturing techniques for time- and money-saving solutions.

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