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Array Labs has raised $21 million in a strategic investment round led by Mitsubishi Electric, with participation from Catapult Ventures, Kompas VC, and Y Combinator to enhance satellite-based maritime and aircraft tracking services.

PRIVATEJul 28, 2026•1 day ago

Amount Raised

$21 Million

Round Type

Series A

Palo AltoManufacturingSoftwareAerospace

Investors

Y CombinatorKompas VcCatapult VenturesMitsubishi Electric Corporation

Description

Array Labs has secured $21 million in an oversubscribed strategic investment round, anchored by Mitsubishi Electric Corporation. With continued support from Catapult Ventures, Kompas VC, and Y Combinator, this funding will bolster their partnership aimed at developing satellite-based tracking services. The collaboration will focus on providing innovative solutions for defense and security customers in the Asia Pacific Region. This investment follows Array's Series A fundraise announced in January 2026.

Company Information

Company

Array Labs

Location

Palo Alto, California, United States

About

Array Labs is an advanced aerospace company developing the satellites, sensors, and software required to deliver the first real-time, high-fidelity 3D map of Earth. Its innovative approach leverages distributed radar, formation flight, multi-static SAR imaging, and advanced image formation algorithms to provide unprecedented insights into the planet's surface. Raytheon, an RTX business, creates next-generation defense solutions for various applications, including space and surveillance. Umbra Space specializes in high-resolution Earth observation technologies, focusing on delivering advanced mapping capabilities.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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.

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