Seraphim picks nine startups for latest space accelerator program

Seraphim picks nine startups for latest space accelerator program
Science

TAMPA, Fla. — Seraphim Space announced May 15 the startups joining its 13th accelerator program, a three-week course designed to provide the networking and mentoring support they need to be investment-ready.

The nine early-stage companies from the United Kingdom, United States, Italy and India are developing businesses across propulsion, cybersecurity, space situational awareness, geospatial insights and in-orbit biotechnology manufacturing.

Name Description Location
AADYAH Aerospace Satellite and launch subsystems developer India
Arkysis On-orbit robotic technology provider United States
CarbonLaces Energy and climate analytics software firm United Kingdom
Four Resolutions Geospatial calibration services provider United States
Frontier Space Modular space laboratory developer United Kingdom
SaferPlaces Flood intelligence specialist Italy
Spaceflux Space traffic management solutions provider United Kingdom
Unnamed company in stealth mode Developing cybersecurity solutions for satellite networks United States
Viridian Space Propulsion technology provider United Space
The nine early-stage ventures taking part in Seraphim Space’s 13th accelerator program

U.K.-based Seraphim, which runs the bi-annual accelerator with its U.S. arm Generation Space, said around 95 ventures have collectively raised more than $345 million in investment after participating in one of its previous 12 programs.

Californian startup Xona Space Systems, which is developing a satellite-based navigation service and joined Seraphim’s third accelerator program in 2019, announced earlier this month it has raised $19 million in a Series A funding round.

Roughly 85% of companies get an investment within 12 months of completing the accelerator and 93% of them have secured funding to date, according to Seraphim, raising $4 million on average.

Seraphim said some of the nine companies in its latest accelerator will also be able to apply for a $100 million fund the early-stage investor announced last month after completing the program.

Jason Rainbow writes about satellite telecom, space finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information…

Read the original article here

Products You May Like

Articles You May Like

First Images of Robert De Niro in TV Thriller ‘Zero Day’
Hunter-gatherers built a massive fish trap in Belize 4000 years ago
SpaceX launches sixth Starship but aborts booster landing
How Satire Reveals the Truth in “Interior Chinatown”
AirPods Max Will Not See Any ‘Meaningful’ Upgrades Due to Low Sales, Says Mark Gurman