Vyoma, a Munich, Germany-based space situational awareness (SSA) and space traffic management (STM) company, raised €8.5m Seed funding.
An extended tranche – with participation from Safran Corporate Ventures – completed the Seed round raised during the Summer of 2022, led by Happiness Capital and Atlantic Labs, and complemented by Faber Ventures.
The company intends to use the funds to strengthen the team, expand its customer base and solidify its market position. Vyoma will also work in partnership with various Safran branches to further develop groundbreaking sensor technologies.
Led by CEO Dr. Stefan Frey, Vyoma leverages ground-based and soon, space-based data to empower automated satellite operations. Officially founded in August 2020, it enables real-time space traffic management in congested orbits around Earth. Vyoma provides safe and automated satellite operations services, reducing mission costs for its customers. The company’s operations services range from detection of close approaches between satellites and debris and optimisation of manoeuvres, all the way to full automation.
Vyoma will launch space-based telescopes for monitoring objects (space debris and satellites) down to a few centimeters, from low-Earth orbits to Geostationary orbits. Reliable SSA data provided by this monitoring system, coupled with space traffic management services, will empower safe and efficient satellite operations. The first units of the telescope fleet will be launched in 2024.
FinSMEs
21/06/2023