BUSINESS


Neuraspace raises €2.5 million to prevent satellite collisions


(24 Mar 2022) Neuraspace, the developer of an advanced AI-powered Space debris monitoring & satellite collision avoidance platform, announced that it has raised €2.5 million from Armilar Venture Partners. The company will use these funds to accelerate the commercialisation of its platform.

Neuraspace said its proprietary AI technology enables more accurate satellite collision risk prediction and, by applying a data fusion strategy, offers increased robustness and resilience. The platform also automates many of the current manual processes and communications and delivers an end-to-end solution, providing operators with actionable orbital manoeuvre recommendations to avoid collisions, while delivering valuable insights to various other stakeholders including regulators, insurers and other Space-asset dependent businesses.

Reference: Neuraspace PR

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