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ESA, OpenCosmos sign contract for NanoMagSat mission

Nov 29, 2024over 1 year ago

Contract Type

contract

OxfordshireArtificial IntelligenceAnalyticsMachine Learning

Description

European smallsat developer Open Cosmos has signed a contract with the European Space Agency for a trio of cubesats to study the Earth’s magnetic field and ionosphere. The 34.6 million euros ($36.5 million) contract covers the development, launch and commissioning of the satellites, which will operate in orbits at an altitude of 545 kilometers.

Company Information

Company

Open Cosmos

Location

Oxfordshire, England, United Kingdom

About

Open Cosmos is a business focused on solving the world's biggest challenges through the delivery of satellite missions and the data of the world they can gather from space. This includes designing, building, launching and operating small satellites as well as providing data and services through an innovative platform. Since its creation in 2015, it has developed multiple advanced satellites for telecommunications, earth observation, navigation and science.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.