Neuraspace, a Lisbon, Portugal-based developer of an AI-powered Space debris monitoring & satellite collision avoidance platform, raised €2.5M in funding.
The round was led by Armilar Venture Partners.
The company intends to use the funds to accelerate the commercialization of its platform.
Led by Nuno Sebastião, Neuraspace leverages AI technology to enable accurate satellite collision risk prediction and, by applying a data fusion strategy, to offer increased resilience. The platform also automates many of the current manual processes and communications and delivers an end-to-end solution, providing operators with actionable orbital maneuver recommendations to avoid collisions, while delivering valuable insights to various other stakeholders including regulators, insurers and other Space-asset dependent businesses.