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Satrevolution Secures Series B Funding From Virgin Orbit

Satrevolution Secures Series B Funding From Virgin Orbit

12/14/21, 7:30 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/FR.svgparis
Industry
science and engineering
data and analytics
Round Type
series b
SatRevolution S.A. (“SatRev or the “Company”), a Polish developer and manufacturer of nanosatellites and nanosatellite technologies, today announced that it has secured Series B funding (the “Transaction”) from Virgin Orbit, the US-based responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (“NextGen”) (NASDAQ: NGCA). The Transaction values SatRev at approximately $150 million, and will support SatRev’s business development.

Company Info

Company
Sat Revolution
Location
paris, ile de france, france
Additional Info
SatRevolution was founded in Poland in 2016 to focus on the emerging space market. With a vertically-integrated business, the company specializes in the design, manufacture and operation of satellites as well as data analytics and is building a real-time Earth Observation constellation. Its goal is to become the largest worldwide operator of EO satellites, delivering 1,024 nanosatellites into Low Earth Orbit by 2026 to provide round-the-clock Earth Observation. In October 2019, the company established a consortium with Virgin Orbit and nearly a dozen Polish universities to design and carry out the world’s first dedicated commercial small satellite mission to Mars. In June 2021, SatRevolution placed two-satellites, STORK-4 and STORK-5 Marta, into Low Earth Orbit with the launches of STORK-3 and SteamSat-2 scheduled for December 2021. The company also plans to launch CubeSat, its first Omani nanosatellite by end 2022. SatRev’s satellites can be used to solve the challenges of resource utilisation and optimisation across a wide range of issues including precision agriculture, precision agriculture energy assets monitoring defence & intelligence logistics & transportation infrastructure monitoring. Current investors include Polish VC funds such as Infini, Newberg, Tech Invest Group and Kvarko (part of the Polish NCBiR R&D scientific start-up funding programme). To learn more, visit satrevolution.com