USA – LeoLabs, a Menlo Park, CA-based space safety, security, and sustainability company, raised $29M in funding.
Backers included GP Bullhound, 1941, Dolby Family Ventures, and existing investors including Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and the AngelList Syndicate led by Dylan Taylor.The company intends to use the funds to scale up its insight delivery by further investing in advanced end-user applications and partner integrations.Led by CEO Dan Ceperley, LeoLabs is working on satellite operators, commercial enterprises and federal agencies across the world launch and track missions in low Earth orbit. Through its vertically integrated technology system, Vertex™, the company delivers the information needed to succeed in today’s space race. With LEO coverage, real-time tracking and insights, companies and governments can execute a wide array of operations in space. Commenting on the news, Dan Ceperley said: “This investment, led by GP Bullhound, enables us to accelerate this effort by bolstering our data architecture and system software. We’re eager to continue serving the space sector as a key operational partner and enable its growth in an emerging era of tens of thousands of satellites.”15/02/2024
