Isotropic Systems, a London, UK-based developer of transformational broadband terminal technologies, raised over $37m in funding.
The round was led by Seraphim Space Investment Trust PLC – with participation from AEI HorizonX, Promus Ventures through its Luxembourg based space investment fund Orbital Ventures, and Firmament Ventures.
The company intends to use the funds for the development of its multi-link antennas through to product launch in 2022.
Led by John Finney, Founder and CEO, Isotropic Systems leverages patented radio frequency optics technology that enables the high-performance multi-link antenna to simultaneously connect to multiple satellites in multiple orbits without any compromise in the performance of each link.
Concurrently, the company continues to receive support from strategic investors including SES and the UK Government. The continued support from existing investors was driven by Isotropic Systems’ significant progress into the mature stages of product development, providing accelerated funding to achieve upcoming pivotal milestones and fully fund Isotropic through the commercial launch of its first product line in 2022.
As a result, the company has accelerated its production phase in time to support new constellations and satellites launching in GEO, HEO, MEO and LEO orbits from 2022 onwards, and has expanded its workforce by 40% over the last five months.
FinSMEs
27/09/2021