Axelspace Secures $44M in Series D Funding to Propel Micro-Satellite Technology Expansion

Axelspace Secures $44M in Series D Funding to Propel Micro-Satellite Technology Expansion

Axelspace, a prominent player in micro-satellite technology, has successfully garnered support from a consortium of backers in its latest funding round.

Notable contributors include Sumitomo Mitsui Banking Corporation, SMBC Venture Capital Management Co., Global Brain Corporation, Mitsui Fudosan, EPSON X Investment Corporation, Keio Innovation Initiative, Tokyo University of Science Innovation Capital, The Nanto Bank, and The Seibu Shinkin Bank.

Financial Boost for Expansion:

The funds acquired in this round are earmarked for the expansion of Axelspace’s operations and furthering its development initiatives. This financial injection positions the company to intensify its presence and innovation in the micro-satellite technology sector.

Leadership and Vision:

Under the leadership of Yuya Nakamura, serving as President and CEO, Axelspace has distinguished itself with a vision encapsulated by the tagline “Space within Your Reach.” With nine satellites developed and operationalized to date, the company stands at the forefront of advancing micro-satellite technology.

Core Offerings:

Axelspace’s core offerings include the Earth Observation Platform “AxelGlobe,” featuring a 5-satellite constellation.

AxelGlobe empowers comprehensive Earth observation with periodic coverage of any location on the planet. Additionally, the company provides a streamlined service for microsatellites known as “AxelLiner.” This all-encompassing service is designed to facilitate various aspects of microsatellite operations.

Upcoming Launch:

In a bid to further its technological advancements, Axelspace is gearing up to launch “Pyxis,” the inaugural demonstration microsatellites of AxelLiner, scheduled for the first quarter of 2024.

This initiative marks a significant stride in pushing the boundaries of micro-satellite capabilities.

Conclusion:

Axelspace’s successful funding round, backed by a diverse group of investors, underscores the industry’s recognition of its contributions to micro-satellite technology.

As the company charts its course for expansion and the launch of innovative projects, it solidifies its position as a trailblazer in making space-related capabilities more accessible and impactful.

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