A series of GEN1 satellites heading to the launch site.
Kepler Communications, a start-up company building satellite Internet networks for extraterrestrial services, has raised $ 60 million in a new round to help its Toronto-based company grow.
“We are not selling directly to companies on Earth. We are committed to providing communications to space stations and other satellites so that they can return information to Earth in real time. The focus is on, “Kepler CEO Mina Mitry told CNBC. ..
Kepler’s Private Equity Round was led by Tribe Capital, which previously invested in space companies’ theory of relativity and momentum, and was also funded by Addition Capital and Canaan Partners. The company has earned a cumulative total of $ 90 million since its inception in 2015.
The company is working to put “more than 200 satellites” into orbit in order to “make the network fully operational by 2023,” Mitry said. Kepler’s moons are “almost the same size as a grain box” and orbit the Earth in low earth orbit from the North Pole to the South Pole every 90 minutes. The company operates 15 satellites in orbit and builds more than 10 satellites a month at its Toronto headquarters.
Thanks to satellites already in orbit, Kepler has been making “millions” of revenue even before the network was fully operational, Mitry said.
Senior satellite engineer Chris Summers completes the final pre-flight checks of the Kepler-16 and Kepler 17 satellites.
While many companies are working to build new satellite Internet networks for people bound to the planet, such as SpaceX’s Starlink, Kepler is creating services for everything else. Mitry said Kepler’s network was the first to be built by a company, citing NASA’s tracking and data relay satellite (TDRS) network as an example of a dilapidated feature to compare with.
“We intend to be an available commercial alternative,” Mitry said.
Kepler’s goal is to connect to the assets of other companies and organizations, such as image satellites and space stations, and “return that information to Earth.”
“All this is happening to make space available to large numbers of people, which creates the need to set up extraterrestrial Internet access that didn’t exist before,” Mitry said. Says.
Mitry says Kepler has doubled its workforce each year since its inception. It will have about 80 employees at the beginning of 2021 and will employ about 150 by the end of the year.
Kepler’s expansion includes additions outside Canada, and the company plans to open a US office. According to Mitry, the company hasn’t decided on a formal location yet, but the office is likely to be located in Washington, DC.
“The focus of this office is to actually scale up for US-based government customers,” says Mitry. “Despite being here as a Canadian company, we were very fortunate to have a significant number of US Government opportunities and would like to support them near our customers. Therefore, we will grow both sales. It includes not only engineering function but also marketing function. “
Kepler Communications Raises $ 60 Million Expands Network and Adds US Office
Source link Kepler Communications Raises $ 60 Million Expands Network and Adds US Office