Capella Space scores US$97 million in Series C funding as demand for SAR satellite tech grows

by | Apr 27, 2022 | Finance, Satellites, Seradata News

Earth observation start up Capella Space has secured US$97 million in its latest Series C fundraising round.

According to the newspace company, the new money will be put towards growing its satellite imagery and analytics services after it saw an “exponential” surge in demand. Capella plans to launch a fleet of 36 small-sat spacecraft with X-band SAR (Synthetic Aperture Radar) capabilities to create an Earth observation constellation which can provide high-resolution imagery even in adverse weather conditions. With seven satellites already in orbit the San Francisco based start up confirmed that it had more satellite launches planned for 2022 and 2023.

The high resolution images produced by SAR sensors in satellites can operate even in poor weather conditions, as in this image of Imperial County, California taken in 2021. Courtesy: Capella Space

In a previous Series B2 round the company raised US$29.4 million and between 2017 and 2019, Capella had accumulated around US$80 million over five rounds of fundraising. The latest financing round was led by NightDragon with “significant” participation from its existing investors DCVC and Cota Capital, according to Capella.

The company, which expects a 400 per cent growth in its customer base, is highly optimistic about the future of the market. “This new funding,” said Capella CEO Payam Banazadeh in a statement, “is a testament to the market demand for quick delivery of high-quality commercial SAR data and analytics, and we’re seeing it firsthand.”  According to Capella  its revenue doubled over the last 12 months.

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to www.seradata.com/spacetrak

Related Articles

About Rob Coppinger

Rob Coppinger is a recovering powerpoint user and engineer who mistakenly thought journalism was more glamorous than production engineering. He Read more

T+1 as Hyperbola launches itself far, far above the blogosphere

All things spaceflight industry get linked too and commented on in Hyperbola, the new blog from Flight's technical reporter Rob Read more

On-orbit propellant fever!!

Hyperbola is a technology orientated spaceflight blog from Flight technical reporter Rob Coppinger.

NASA gives public a new Dawn

Hyperbola is a technology orientated blog by flight technical reporter Rob Coppinger

While you’re waiting for that next Shuttle launch…

Hyperbola is a technology orientated spaceflight blog by Flight's technical reporter Rob Coppinger

Romania in space

Hyperbola is a technology orientated spaceflight blog by Flight technical reporter Rob Coppinger

Sputnik week’s first few news bites

Hyperbola is a technology orientated spaceflight blog by Flight technical reporter Rob Coppinger

News bites once more in this historic Sputnik week

Hyperbola is a technology orientated spaceflight blog by Flight's technical reporter Rob Coppinger

Categories

Archives