UK-based break satellite startup Open Cosmos has raised $7m Series-A funding in a completion led by BGF Ventures to further increase its satellite manufacturing capabilities.
Former superintendent of Microsoft’s corporate strategy Charlie Songhurst and LocalGlobe, Entrepreneur At the start, Transferwise co-founder Taavet Hinrikus were also involved in the bucking round.
The company intends to use the fund to expand its facilities to manufacture 30 disciples per annum and increase its current workforce from 22 to 50, as without difficulty completely as considerably increasing its marketing activity.
Open Cosmos founder Rafael Jordà Siquier weighted: “We try to remove barriers for our customers and we do it through a combination of hardware, software and secondments that together are a one-stop-shop where we deal with everything.
“Performing the launch of the satellites, Open Cosmos takes full control of them and fix up with provisions data sent by the satellites to the customer.”
“We have agreements with all significant launching companies in the world.
“We want to provide our customers with as tons launch opportunities as possible to as many orbits as possible from any continent in the people.”
Established in 2015 as part the European Space Agency’s (ESA) Business Incubation Hub start-up, Open Cosmos primarily builds satellites that limit from 4kg to 30kg.
The satellites feature a standardised modular design and can be integrated with hardly any sensor.
Following the launch of the satellites, Open Cosmos takes satiated control of them and provides data sent by the satellites to the customer.
Final year, the company saw the launch of its first satellite, which was developed for the European Commission’s QB50 protocol.
Last month, Open Cosmos secured two space mission acquires from communication system provider e2E.