Vector, a Tucson, Ariz.-based micro satellite launch company, raised $21M in Series A funding.
The round was led by Sequoia Capital, with participation from Shasta Ventures and Lightspeed.
The company, which has raised $31m in total funding, intends to use the funds to accelerate upcoming flight test series and launch orbital customer missions in early 2018.
Led by Jim Cantrell, CEO and co-founder, Vector is a space access company that connects space startups and innovators with reliable launch services. This investment follows Vector’s flight test of the full-scale prototype Vector-R launch vehicle in May.
Next launch is planned for Summer 2017. In addition to flight test launch activities, the company plans to develop its first GalacticSky satellites and a rocket factory in Pima County, Arizona. Vector will open a new office later this summer to support GalacticSky in downtown San Jose. The Silicon Valley headquarters will focus on developing the first software defined satellites, including developer tools and a purpose-built satellite application operating system for entrepreneurs.
This office will also support GalacticSky’s partnership with Citrix to bring virtualization technology to micro satellites.
FinSMEs
29/06/2017