Akash Systems, Inc., a San Francisco-based startup developing and supplying the next generation of RF technology and products for satellite infrastructure based on a new material system called GaN-on-Diamond, raised $14.5m in Series A funding.
– $10m in new equity funds, and
– an additional $4.5m converted from prior convertible notes.
Backers included Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan, Correlation Ventures and others.
The company intends to deploy the new capital toward scaling its transmit/receive radio modules and power amplifier business.
Founded in 2016 by Felix Ejeckam and Ty Mitchell, Akash has designed its satellite transmit/receive radio modules to integrate with existing ground station and satellite infrastructure for satellite makers in all markets.
The company is currently manufacturing GaN-on-Diamond-based power amplifiers and radio modules for customers who make satellites requiring high frequency and high power efficiency.
Its radio products are on track to hit the market in Q4 2019.