Colorado Springs, USA-based space security and sustainability company, True Anomaly raised USD 17 million in Series A. The round took place on April 6, 2023. Eclipse led the financing for the firm. Meanwhile, Riot Ventures, Champion Hill Ventures, Space.VC and Narya joined in the Series A funding.
So far, the company’s total funding stands at USD 30 million.
Purpose of financing for True Anomaly
With the latest proceeds from the Series A round, True Anomaly seeks to validate its technical abilities.
It also has plans to expand the operational capabilities of the Jackal. Meanwhile, the company seeks to make the necessary investments to scale production later this year.
What the company’s official has to say
True Anomaly Co-Founder and CEO, Even Rogers further said, “Space-based technologies have played a pivotal role in enabling the U.S. to employ instruments of national power, and it’s imperative that we invest in upgrading and protecting those technologies. We need to address the capability asymmetry that has emerged in the space domain in the last two decades as the U.S. and its allies have focused military efforts primarily on Counterinsurgency Operations. If we don’t act quickly and with a sense of urgency, our nation and its allies will be at an increased risk of geopolitical conflict and escalation of a conflict that extends into space, which could lead to potentially catastrophic debris-generating outcomes as a result of attacks on our spacecraft.”
What the investor has to say
Seth Winterroth, Partner at Eclipse, said, “The U.S. terrestrial military advantage has been enabled by superior capabilities in the space domain. This advantage is quickly waning, and as a result, the U.S. and our Allies face risks and challenges. True Anomaly is the purpose-built team with the tactical, technological, and defence procurement expertise to develop the necessary capabilities to regain our military advantages in space and, ultimately, bolster national security.”
About the company
Even Rogers, Dan Brunski, Tom Nichols and Kyle Zakrzewski launched the company in 2022. The USA-based company operates as a space tech startup. True Anomaly offers a comprehensive technology platform with satellite, navigation, and data-capture technologies. The focus is to provide security for the space market.
The company integrates training and simulation tools, spacecraft manufacturing infrastructure as well as autonomy systems for space security and sustainability. In addition, it empowers the Department of Defense, as well as the commercial space market, with unparalleled space missions and software solutions. The company ensures the United States and its allies with the mission to protect life on Earth in space.
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