Muon Space Secures $56M Series B and Announces SNC Agreement
We are thrilled to share some significant milestones and updates from Muon Space. Our journey to revolutionize LEO satellite constellations is gaining momentum, and we have some exciting developments that showcase our progress and future ambitions.
Muon Space Secures $56M Series B Funding
Muon Space has successfully completed a $56.7 million Series B funding round ($56,703,744 to be precise) led by Activate Capital, with participation from Acme Capital, Costanoa Ventures, Radical Ventures, and Congruent Ventures. We’re beaming with excitement about this announcement that will radiate through the entire SmallSat industry. This funding will accelerate the buildout of our Halo? Platform, allowing us to expand our capabilities and deliver exceptional solutions to our growing customer base.?
Raj Atluru, Managing Partner of Activate Capital, said “Muon Space’s cutting-edge technology, phenomenal track record of execution, and multi-billion dollar market potential make it a highly compelling investment opportunity. With the industry’s best team and technology built around a compelling vision and huge opportunity, we believe Muon Space is positioned to define the next era of space infrastructure.”
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Over $100M in Contracts for 2024
?We're also excited to announce that Muon Space has secured over $100 million in committed customer contracts for 2024. A key highlight is our landmark agreement with SNC to develop and deliver three next-generation satellites to further SNC’s Vindlér? commercial RF technology. The first satellite block is slated for launch in 2025.
?Tim Owings, Executive Vice President, SNC’s MST business area said "SNC teamed up with Muon Space for an advanced radio frequency sensing satellite capability and end-to-end mission solution. Muon's scalable design, instrument development, and operations support, coupled with our RF technology, diverse data sets, and analytic capabilities, will provide a new level of commercial possibilities starting in 2025."
?Gregory Smirin, President of Muon Space, stated: "Having an established industry leader like SNC select Muon Space for this mission really underlines our competitive edge. Our end-to-end solution offers a significant advantage, providing SNC with a seamless and integrated approach from design to deployment and operations. This partnership validates our commitment to delivering comprehensive, cutting-edge constellation performance that stands out in an extremely competitive market."
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TechCrunch: Muon Space Closes $56M to Scale All-In-One Satellite Platform
Space-as-a-service startup Muon Space closed a $56.7 million fundraising round to scale its satellite platform, while also announcing a new deal with defense giant Sierra Nevada Corp. Read More.
Bloomberg: Closely-Watched Muon Space Inks SNC Deal, Funding Round
Muon Space, a closely watched Earth-imaging startup, has signed a deal with defense firm Sierra Nevada Corp. and closed a $56.7 million fundraising round. Read More.
SpaceNews: Satellite startup Muon Space raises $56.7 million
The Series B funding round was led by Activate Capital. Read More.
Los Angeles Times: Inside the Booming "Space Race" to Fight Fire
Muon Space Halo satellites are equipped with state-of-the-art 6-band multispectral infrared (IR) instruments to detect and track the impact of wildfires globally. Read More.
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Upcoming Events
We'll be attending some exciting events in the coming months, and we'd love to connect with you. Mark your calendar for:
?Reach out to [email protected] with any questions or to set up a meeting.