Capella Space is an American space technology company and the first U.S. company to commercialize Synthetic Aperture Radar (SAR) technology. They design, manufacture, and operate a constellation of SAR satellites to provide high-resolution, all-weather Earth observation imagery and geospatial solutions for government and commercial customers. Capella's key products include SAR imagery with industry-leading resolution, and they partner with organizations like NASA, SkyWatch, LiveEO and Floodbase to deliver advanced analytics and data.
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Capella Space intends to seek additional funding to invest in new satellites designed to accelerate its revenue growth.
Capella Space will build and launch next-generation Acadia satellites using the new funding.
Capella Space will scale development and launch of its Acadia line of SAR satellites, which offer improved image resolution and quality.
Capella Space closed $60,000,000 in growth equity financing from the U.S. Innovative Technology Fund.
Capella Space raised the $60,000,000 growth equity financing less than nine months after completing a $97,000,000 Series C round.
Capella Space raised $97,000,000 in a Series C financing in April.
Capella Space raised $60,000,000 from the U.S. Innovative Technology Fund on 2023-01-10 to accelerate deployment of its constellation and meet growing demand for synthetic aperture radar (SAR) satellite imagery.
Capella Space had about 200 employees, added approximately 80 to 90 people last year, and plans similar headcount growth in 2023.
Capella Space achieved a twofold increase in imagery collected since 2021.
The $60,000,000 in growth equity financing will be used by Capella Space to expand its imaging capacity and develop new data products.
Capella Space manufactures its Acadia satellites entirely in the United States at facilities in California and Colorado.
Capella Space is planning multiple launches of Acadia satellites 2023.
Capella Space completed a $97,000,000 Series C financing in April prior to the $60,000,000 growth round.
Capella Space closed $60,000,000 in growth equity financing from the U.S. Innovative Technology Fund (USIT).
Capella Space manufactures its Acadia satellites entirely in the United States at facilities in California and Colorado.
The $60,000,000 funding will enable Capella Space to build and launch its next-generation Acadia satellites.
Capella Space will leverage the $60,000,000 in growth capital to expand its imaging capacity and develop new data products.
Capella Space will upgrade payload downlink antennas on Acadia satellites to reduce time between ground contact and imaging opportunities.
Capella Space will increase radar bandwidth on Acadia satellites from 500 MHz to 700 MHz.
The first Capella Acadia satellites are slated to launch in early 2023.