Saturday, December 7, 2024

Seraphim chooses 11 startups for 14th space accelerator


TAMPA, Fla. — Seraphim Space announced the 11 startups joining the 14th round of its networking and mentoring accelerator program, which it said Oct. 7 has helped ventures raise more than $540 million since 2018.

The cohort comprises a diverse mix of early-stage space businesses spanning from satellite broadband to orbital robotics — and, for the first time, includes ventures from Saudi Arabia, Chile, and Turkey.

The 13-week program, which Seraphim runs with its U.S. arm Generation Space, kicked off Sept. 9 and is due to culminate with an investor showcase Dec. 5.

Name Description Location
Acquora Harnesses AI and quantum computing to provide satellite-enabled water management solutions. Chile
Artemis Earth Developing satellite technology to monitor biodiversity. United Kingdom
Constellation Technologies & Operations Designing a VLEO broadband constellation leveraging cellular spectrum. France
Flypix AI Earth imagery AI analytics developer. Germany
Forg3D 3D printed metal specialist. United Kingdom
ManufactureAI Developing generative AI tools to reduce the time and cost of scaling hardware production. United States
Planetary Systems Space operations-focused AI and machine-learning software developer. United States
Rovial Designing AI-enabled robotics for orbital assembly, repair and service of space infrastructure.  France
SARsatX Developing a vertically integrated constellation of SAR and optical satellites. Saudi Arabia
Spacelis Solar cell technology developer for space exploration. Turkey
Tiami Networks Designing 5G software-defined ground and space systems. United States

“Space investment has remained strong despite a challenging funding environment for the broader tech sector,” Seraphim Space Enterprise managing director Alexander Holt said in a statement.

“In the last 12 months, over $8.5 billion has been invested into space-related startups, compared with $5.1 billion over the same period a year ago.”

A total of 109 companies across 30 countries have participated in the company’s bi-annual accelerator to date.

Jason Rainbow writes about satellite telecom, space finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information…
More by Jason Rainbow



Source link

Related articles

Share article

spot_img

Latest articles