Open Cosmos Raises €300 Million to Expand Satellite Production and Space Data Services
Trending Topics Jakob Steinschaden ● Covered by 2 sources
Open Cosmos raised €300 million to expand its satellite production and Earth observation, communications, and data analysis services. The funding round is led by Lightrock and is explicitly described as supporting capacity of four factories to manufacture one satellite per day. The company plans to scale its operations and software teams and cut analysed-data delivery time for its Earth observation satellites from up to 48 hours to as little as 30 minutes, using onboard AI processing and communications.
Why it matters
Developments are coming thick and fast in European space tech. European satellite manufacturer Open Cosmos has secured €300 million in funding. Led by Lightrock, the round will support an expansion of satellite production and services spanning Earth observation, communications and data analysis. The Exploration Company and Isar Aerospace have also recently announced funding rounds worth […] Der Beitrag Open Cosmos Raises €300 Million to Expand Satellite Production and Space Data Services erschien zuerst auf Trending Topics.
