Capella Space has raised US$60 million which it plans to spend on growing its synthetic aperture radar (SAR) imaging services and its constellation.
The new funding in growth equity comes from the United States Innovative Technology Fund and comes less than 12 months after Capella Space raised around US$97 million in a Series C fundraising round.
Capella Space plans to launch a fleet of 36 small-sat spacecraft with X-band SAR capabilities for Earth observation in all weather conditions. The newspace company said the latest boost of funding will help it develop and deploy its next-generation Acadia satellites, which the San Francisco based company produces in California and Colorado. The first of its Acadia satellites is set to launch in early 2023, according to a company announcement last year.
The company, which was founded in 2016, has already seen its operations grow significantly over the last year, with its headcount growing by over 50 per cent in 2022.
Between 2017 and 2019 Capella Space raised around US$80 million over five rounds of fundraising. Courtesy: Capella Space
