Airbus Ventures invests in CesiumAstro
(03 Mar 2022) Airbus Ventures announced its investment in CesiumAstro Inc., a developer of advanced aerospace communication systems, which today publicised its US$60 million oversubscribed Series B funding round, co-led by Airbus Ventures and Forever Ventures, with strategic participation from L3Harris Technologies. Returning investors include Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO .
CesiumAstro has raised nearly US$90 million in capital since its founding in 2017. With this latest financing, the company will accelerate the growth of its core research, development, and rapid manufacturing capabilities, and expand its facilities both domestically and abroad.
Encompassing over 80 engineers, scientists, and business professionals with in-house rapid prototyping and environmental test capability, the company has grown a full suite of capabilities across development, production, and deployment of high-reliability systems. These capabilities are designed to address a wide set of applications, including satellite and drone communications, missile defence, and in-flight connectivity.
CesiumAstro said it is set to deploy several additional assets into space later this year, with targeted launch dates to be announced in the coming months.
Reference: Airbus PR