Finance

Swarm Technologies, a company developing a low-cost global communications network, closed its Series A financing round of $25 million. The round was led by Craft Ventures and Sky Dayton, founder of EarthLink and Boingo, with participation from Social Capital, 4DX Ventures, and NJF Capital. Swarm will use the capital to accelerate software and hardware integrations...

When former O3b Chief Commercial Officer John Finney decided that his new endeavour should focus on satcom antennas and terminals, he had a clear vision of what he wanted to achieve. He wanted to build a terminal so cheap that it would do the same for the satellite communications market that the legendary mid-1990s Nokia...

Glancy Prongay and Murray (GPM), a global investors rights law firm, revealed that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Maxar Technologies securities between March 29, 2018 and Jan. 7, 2019, inclusive. Maxar investors have until March 15, 2019 to file a lead plaintiff motion. On Aug....

NanoAvionics opened a sales office in the United Kingdom, and appointed Tariq Sami as its U.K. Sales Director. Sami has worked in both the British and European aerospace industries, and aims to introduce the British space community to NanoAvionics’ capabilities. NanoAvionics U.K. is located in Oxfordshire at the Harwell Science and Innovation Campus. “Considering his extensive experience...

Boeing on Wednesday said its HorizonX venture arm has invested in Isotropic Systems, a startup that is developing satellite user terminals for low-cost broadband connectivity. London-based Isotropic said HorizonX led a $14 million Series A funding round that includes WML, Space Angels and Space Capital. Isotropic is developing satellite terminals that it says cost 70 to 95 percent less than conventional...

Aireon revealed that it signed a credit facility agreement for $200 million with a group of several independent investor funds, led by Deutsche Bank. This credit facility helps provide Aireon with the resources to fund various company initiatives and to continue to pay Iridium for the costs related to the integration, launch, and hosting of...

QuadSat, a drone-enabled antenna testing company, has closed its $797,000 (700,000 euros) seed round, led by Danish growth fund Vaekstfonden, with participation from Seraphim Capital and existing investors. The investment will help enable QuadSat to bring its drone platform to the satellite communications industry, initially focusing on maritime and aeronautical applications. QuadSat’s platform uses drone...

Integrasys is expanding its presence in the Asia-Pacific (APAC) region. The company is establishing an office in Jakarta, Indonesia, led by a newly appointed APAC Sales Manager, Ronny Pramanta. He joined Integrasys following a strong history in the telco industry, most recently working with a number of Very Small Aperture Terminal (VSAT) providers, including Metrasat and Patrakom....

Maxar Technologies appointed Daniel Jablonsky as President and Chief Executive Officer (CEO) of Maxar, effective immediately. Jablonsky, who most recently served as President of DigitalGlobe (a Maxar Technologies company) will also join the Maxar Board of Directors. He succeeds Howard Lance, who has resigned from his roles as president and CEO and as a Director of...

The terms “transformation” and “space industry” are time and again thrown together by industry leaders and picked up by mainstream media. Hardly a day goes by without an innovative technology, smallsat constellation, or funding round lauded as a significant development for the industry at large. Financial community estimates for industry growth range from less than...