18 August 2022

• R3-IoT now named Krucial, representing the importance of making digital transformation available for all, no matter location or conditions
• Launch of flagship product Krucial CONNECT, which connects smart devices anywhere on earth regardless of infrastructure or conditions, already garnering worldwide interest 

GLASGOW, Scotland (Krucial PR) — Satellite-enabled connectivity scale-up R3-IoT has announced a bold, forward-looking full rebrand as Krucial and officially launched its game-changing new flagship product, Krucial CONNECT, to market.

GOLDEN, Colo. (Lunar Outpost PR) – Lunar Outpost, a global leader in commercial planetary mobility, announced a $12 million seed funding round today. The closed round was led by Explorer 1 Fund with participation from Promus Ventures, Space Capital, Type 1 Ventures and Cathexis Ventures. The capital will be used to launch a new class of autonomous lunar rovers, deploy Lunar Outpost’s robotic technologies in additional environments, and invest in new technologies to improve its existing platforms. Explorer 1 Fund Principal Daniel Kleinman and Promus Ventures Partner Gareth Keane also joined Lunar Outpost’s Board of Directors.

HELSINKI, Finland, February 3, 2022 (ICEYE PR) – ICEYE, a world-leading SAR data provider and expert in NatCat solutions, today announced the closing of a $136M Series D funding round, led by long-standing investor Seraphim Space. New strategic investors to ICEYE also include BAE Systems and Kajima Ventures. In addition, Molten Ventures, OTB Ventures, True Ventures, C16 Ventures, Chione Ltd, Services Group of America, the UK’s National Security Strategic Investment Fund (NSSIF), Space Capital and Promus Ventures have also participated in the funding round. Morgan Stanley & Co. LLC served as placement agent for the transaction.

With this latest funding round, ICEYE has raised a total of $304M in financing since 2015. ICEYE owns and operates the world’s largest constellation of SAR satellites and the company has successfully launched 16 satellite missions in total since its first-ever spacecraft was placed into orbit only four years ago.

MOUNTAIN VIEW, Calif. (Muon Space PR) — Muon Space, a climate-focused satellite constellation company, today announced it has raised $10 million in Seed funding led by Costanoa Ventures with participation from Space Capital, Congruent VC, Ubiquity Ventures, South Park Commons, Climactic VC.

Founded by a proven team from JPL, Skybox Imaging, Loft Orbital, Ball Aerospace, Apple and Google who have led more than 30 successful remote sensing missions, Muon Space is building the Earth’s first scientific, software-defined remote sensing constellation platform and collaborating with organizations to deliver critical climate and Earth systems data. Early customers including Tomorrow.io and Google are partnering with Muon to develop new mission-critical geophysical datasets.

Seed investment round set to accelerate the company’s international growth strategy in Europe and North America, where its already seeing strong demand.

GLASGOW, Scotland (R3-IoT PR) — Satellite-enabled connectivity start-up, R3-IoT is gearing up for international expansion after closing a £3.1million ($4.3m) seed investment round led by US-based VC Space Capital, joined by the Scottish National Investment Bank.

Other investors include the University of Strathclyde, alongside North American-based Ryan Johnson, former CEO of BlackBridge, Nathan Kundtz, CEO of Rendered.ai, and Loren Padelford, former GM of Revenue at Shopify. Scottish Enterprise also become shareholders and continue to support the company.

• Series B funding closed at US$45M with the support of the Government of Québec through Investissement Québec, OGCI Climate Investments and Space Capital
• The investment will enable the company to triple the number of sensors deployed by 2023 as well as to expand its international commercial presence, particularly in Europe and the US

MONTREAL (GHGSat PR) – GHGSat, the global leader in high resolution greenhouse gas monitoring from space, has completed the second tranche of a funding round initiated in 2020, thereby closing its total Series B funding at US$45 million. The company has raised more than US$70 million since its inception in 2011.

WATERLOO, Ontario, June 15, 2021 (Newswire.com) – SkyWatch Space Applications Inc. (“SkyWatch”), a Waterloo-based space technology startup, announced today the completion of a $17.2M USD Series B round of financing to further democratize access to Earth observation data. Drive Capital led the investment round with participation from existing investors Bullpen Capital, Space Capital, Golden Ventures, and BDC Ventures.

The Series B financing builds on an exceptional first half of 2021 for SkyWatch, which is seeing revenue growth in excess of 450% over the same period last year, highlighting the appetite for Earth observation data from the private sector. SkyWatch also announced the launch of the first TerraStream-enabled satellite earlier this month, which further advances the company’s mission of making commercial Earth observation data more available and accessible. With 40 satellites under contract for launch by SatRevolution (Poland), SpaceJLTZ (Mexico), and Wyvern (Canada), and others, SkyWatch is enabling the future of the global commercial satellite launch market and removing the barriers to entry typically present in the space industry.

Space Capital has launched its latest institution fund, Space Capital II, to invest in three areas. The company has also launched a careers site called Space Talent. Managing Partner Chad Anderson writes in Medium: Building upon insights from The GPS Playbook, we plan to deploy Space Capital II in the following thematic areas: Geospatial IntelligenceApplications:– AgTech– InsurTech– ClimateTechDistribution:– Synthetic Data GPS (precise/micro positioning)Applications:– Sensor fusion– AR– AdTech– Mobility– Autonomous SystemsDistribution:– […]

SINGAPORE & NEW YORK (SpeQtral PR) — SpeQtral was formally announced today with initial funding led by Space Capital.

Formerly known as S15 Space Systems, SpeQtral is building space-based quantum communication systems rooted in advanced technologies developed at the world-renowned Centre for Quantum Technologies (CQT), a Research Centre of Excellence hosted by the National University of Singapore (NUS). This quantum technology offers unprecedented security from eavesdropping and will enable the next generation of secure communication networks. SpeQtral has licensed from NUS the IP and knowhow necessary to develop compact quantum light sources, and has also hired former CQT researchers to its team.

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