CesiumAstro secures $60 million in
funding from Airbus Ventures and others
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[March 02, 2022]
By Jane Lanhee Lee
(Reuters) - CesiumAstro Inc, a startup that
builds hardware and software for aerospace communications, said on
Wednesday it has raised $60 million in funding from investors including
Airbus Ventures and Kleiner Perkins. |
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CesiumAstro’s Founder and CEO, Shey Sabripour, holds the company’s
Nightingale active phased array communications platform which is used
for communications, including between low orbit satellites and other
mobile devices like cars, planes and drones, in Austin, Texas, U.S.
February 28, 2022. CesiumAstro/Handout via REUTERS |
Part of the funding will be used to further develop its own
low-orbit satellites, said CesiumAstro founder and CEO Shey
Sabripour.
Austin-based CesiumAstro's products enable connectivity between
satellites, drones, planes, cars and other mobile devices. Its
hardware generates electronically steerable beams of radio waves
carrying information between the devices and its software
stitches the information together.
The products have gone beyond the prototype stage, said
Sabripour.
"We're starting to ship our initial flight equipment to various
customers like NASA...we’re building hardware for Air Force and
others," he said.
CesiumAstro's satellites, which will incorporate its
communications hardware, are set to be introduced to the market
before the first quarter of 2024, said Sabripour.
CesiumAstro said it has raised nearly $90 million in capital
since it started in 2017. It declined to say how much it is
valued at in this latest funding round which was co-led by
Airbus Ventures and Forever Ventures.
(Reporting by Jane Lanhee Lee; Editing by Edwina Gibbs)
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