Isotropic Systems, a London, UK-based developer of transformational broadband terminal technologies, secured funding of over $40m.
The round brings together equity and grant funding support from the UK Government and market leaders in Aerospace and Telecommunications. SES led the round, along with participation from specialised space investors Orbital Ventures, UK government’s Future Fund and existing investors Boeing HorizonX Global Ventures, Space Angels and Firmament Ventures.
The company intends to use the funds to develop its multi-beam antennas.
Isotropic plans to accelerate its production phase in time to support new constellations and satellites launching in all satellite orbits from 2022 onwards, to open a 20,000 sq. ft. technology and testing facility near the company headquarters in Reading, UK, and to create an additional 150 engineering roles to the UK over the next two years.
Led by John Finney, Founder and CEO, Isotropic Systems has developed patented radio frequency optics technology which enables the high-performance multi-beam antenna to simultaneously link with multiple satellites in multiple orbits without any compromise in the performance of each link.