Summary:
Muon Space, a space-as-a-service startup, raised $56.7 million in Series B funding.
The company provides a complete solution for space missions, including satellite design, launch, operation, and data processing.
Muon has secured over $100 million in contracts this year, including a deal with Sierra Nevada to develop three spacecraft for the VindlĂŠr remote sensing constellation.
The funding will allow Muon to scale its Halo satellite platform and expand its customer base.
Muon Space: Scaling Satellite Access for Everyone
Muon Space, a space-as-a-service startup, is making space more accessible than ever before. Instead of spending years developing satellite hardware and software, customers can leverage Muon's end-to-end service to launch their missions into low Earth orbit.
The company has secured over $100 million in contracts this year alone, including a $60 million deal to design 10 remote-sensing satellites for unnamed customers and a partnership with Sierra Nevada to develop three spacecraft for the VindlĂŠr remote sensing constellation. The first VindlĂŠr satellite is set to launch in 2025.
Muon's latest funding round:
- Raised $56.7 million in Series B funding led by Activate Capital, with participation from Acme Capital, Costanoa Ventures, Radical Ventures, and Congruent Ventures.
- Brings total capital raised to over $91 million.
This funding will allow Muon Space to:
- Scale its Halo satellite platform: The platform provides a complete solution for space missions, including satellite design, launch, operation, and data processing.
- Expand its customer base: Muon is targeting a wide range of customers, from government agencies to private companies, who are looking to utilize space-based technology.
Muon Space is changing the game in the space industry: The company is making it easier and more affordable for customers to access space, enabling a new wave of innovation and exploration.
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