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Capella Space will scale development and launch of its Acadia line of SAR satellites, which offer improved image resolution and quality.
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 raised the $60,000,000 growth equity financing less than nine months after completing a $97,000,000 Series C round.
Capella Space had about 200 employees, added approximately 80 to 90 people last year, and plans similar headcount growth in 2023.
Capella Space closed $60,000,000 in growth equity financing from the U.S. Innovative Technology Fund.
Capella Space manufactures its Acadia satellites entirely in the United States at facilities in California and Colorado.
Capella Space will build and launch next-generation Acadia satellites using the new funding.
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 intends to seek additional funding to invest in new satellites designed to accelerate its revenue growth.
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.
Capella Space completed a $97,000,000 Series C financing in April prior to the $60,000,000 growth round.
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.
A Federal Communications Commission application sought a telemetry license in September for an Electron launch of Capella-9 and Capella-10 from LC-2 between December 2022 and June 2023.
Capella Space will increase radar bandwidth on Acadia satellites from 500 MHz to 700 MHz.
Capella Space will upgrade payload downlink antennas on Acadia satellites to reduce time between ground contact and imaging opportunities.
The first Capella Acadia satellites are slated to launch in early 2023.