All verified mentions of this organization in source documents.
Infostellar raised $3,500,000 in new funds on 2020-04-29 from Airbus Ventures and other investors.
Infostellar began service in 2018 with StellarStation, a cloud platform that lets satellite operators use idle time on other operators’ ground stations to communicate with spacecraft.
Infostellar has raised $11,500,000 since forming in 2016 to provide communications services to small satellite operators.
Infostellar operates a network of 13 partner ground stations.
Infostellar raised the $3,500,000 through a convertible bond sale to existing investors Airbus Ventures and the Sony Innovation Fund.
Infostellar is seeking an additional $1,200,000 by June 2020 to bolster its finances against challenges from the coronavirus pandemic.
Infostellar concluded that a network of 20 ground stations was not necessary to offer service and will add ground stations based on customer demand.
Infostellar previously targeted a network of 20 partner ground stations by 2018 but encountered licensing, regulatory, and technical challenges that prevented reaching that goal.
Capricorn Space signed an agreement allowing InfoStellar customers to use its two ground stations.
Infostellar raised $7,300,000 in a Series A funding round in September 2017.