Investors commit quarter-billion dollars to startup designing “Giga” satellites

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Investors commit quarter-billion dollars to startup designing “Giga” satellites

A startup established three years ago to churn out a new class of high-power satellites has raised $250 million to ramp up production at its Southern California factory.

The company, named K2, announced the cash infusion on Thursday. K2’s Series C fundraising round was led by Redpoint Ventures, with additional funding from investment firms in the United States, the United Kingdom, and Germany. K2 has now raised more than $400 million since its…



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Investors commit quarter-billion dollars to startup designing “Giga” satellites



Investors commit quarter-billion dollars to startup designing “Giga” satellites

A startup established three years ago to churn out a new class of high-power satellites has raised $250 million to ramp up production at its Southern California factory.

The company, named K2, announced the cash infusion on Thursday. K2’s Series C fundraising round was led by Redpoint Ventures, with additional funding from investment firms in the United States, the United Kingdom, and Germany. K2 has now raised more than $400 million since its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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