Northwood Space secures a $100M Series B and a $50M Space Force contract

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Space is an increasingly crowded place thanks to the constant influx of new satellites and it’s only to get more cramped as the cost to get to orbit falls.

Those dynamics have brought attention to startup Northwood Space, which has spent the last few years developing more modern and efficient ground-based communications infrastructure. The startup capitalized on that interest in two ways this week.

The El Segundo, California-based company announced on Tuesday it has closed a $100 million Series B funding round, led by Washington…



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Northwood Space secures a $100M Series B and a $50M Space Force contract


Space is an increasingly crowded place thanks to the constant influx of new satellites and it’s only to get more cramped as the cost to get to orbit falls.

Those dynamics have brought attention to startup Northwood Space, which has spent the last few years developing more modern and efficient ground-based communications infrastructure. The startup capitalized on that interest in two ways this week.

The El Segundo, California-based company announced on Tuesday it has closed a $100 million Series B funding round, led by Washington…



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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