Astranis Secures $200 Million at $1.6 Billion Valuation

Astranis Space Technologies Corp. is a satellite startup that delivers high-speed internet access to millions of people around the world. The company’s mission is to connect the world to the internet by building smaller, more affordable satellites to provide internet access to underserved communities around the globe. Astranis has developed a unique technology that allows for the design and manufacture of satellites at a fraction of the cost of traditional methods.

Astranis secured $200 million in fresh equity and debt funding. The current round has brought the company’s valuation to $1.6 billion. The new deal was led by Andreessen Horowitz and comes just before the company prepares its first launch of satellites aboard the SpaceX Falcon 9 rocket. In total, the company has raised more than $553 million till that moment.

Astranis, San Francisco, California, United States, was founded in 2015 by John Gedmark and Ryan McLinko. The company has a team of more than 300 engineers with experience working for top tech companies like Apple and SpaceX. Astranis intends to launch four satellites this summer. 

Previous Post

Tonal Raises $130 Million in Funding

Next Post

CoreWeave Raises $221 Million at $2 Billion Valuation

Related Posts