Finance

Envistacom is divesting its technology development business unit, the Advanced Technologies Group (ATG), as a standalone business, the company announced Wednesday. The company’s official name will be Apothym Technologies Group,...

Space tech startup Scout has closed a bridge funding round led by Decisive Point, bringing total capital raised to $1.5 million. The Virginia Innovation Partnership Corporation and Geospatial Alpha participated...

SpaceChain has opened a new office in Abu Dhabi as it looks to tap into markets in the Middle East, the company announced March 16. SpaceChain will look to spearhead...

Kymeta has closed on additional equity funding of approximately $84 million, making Kymeta nearly fully funded. Bill Gates led the funding, with participation from Hanwha Systems and other investors.  Bill...

Canadian manufacturer MDA is building a new global headquarters housing a space robotics facility in Brampton, Ontario. The 200,000 square-foot building will feature the Space Robotics Centre of Excellence, state-of-the-art...

Former astronaut Tim Kopra has joined OneWeb Technologies as president to lead the company’s growth strategy. OneWeb Technologies, formerly TrustComm, is OneWeb’s U.S. proxy focused on serving Five Eyes governments. ...

Space simulation startup Slingshot Aerospace closed a $25 million Series A-1 funding round, the company announced Thursday. Draper Associates, the venture capital of Tim Draper and ATX Venture Partners led...

Spire Global posted $43.4 million in revenue for 2021, beating its revised full year guidance of revenue between $40 million and $42 million. This represents a 52% increase over 2020...

Globalstar has appointed former AT&T Exec Dave Haight to be its new vice president of IoT, the company announced March. 8. Haight joins Globalstar after working on developing the IoT...

Satellite ground technology company SatixFy is in the process of going public through a special purpose acquisition company (SPAC) deal with Endurance Acquisition Corp. The deal, announced Tuesday, will make...