Ramon.Space raises $26 million in new funding. Photo of company team: Ramon.Space

Space computing company Ramon.Space has raised $26 million from Ingrasys, a subsidiary of Foxconn Technology Group, Abu Dhabi-based strategic investment firm Strategic Development Fund, and existing investors Grove Ventures, Deep Insight and UMC Capital. 

Ramon.Space announced the new funding on June 28 and said the funding will help it commercialize its computing platform for space products, reach new markets, and expand its global presence. This comes after Ramon.Space recently announced that Ingrasys will manufacture Ramon.Space computing products globally — the first deal for Ingrasys in the space industry. 

Ramon.Space, based in Israel, offers a computing platform designed to store, process and analyze large amounts of data in orbit. The computing platform includes a set of products targeting storage, processing, and communication solutions — NuStream, NuPod, and NuBox.

Mohamed Musabah Al Mazrouei, director of Investments and Portfolio Management at SDF said the investment in Ramon.Space aligns with the fund’s strategic mandate to focus on the space sector, pointing to the importance of advanced computing for space infrastructure. 

“Space-grade computing solutions have become an essential foundation for the evolution of the space economy. The demand from satellite manufacturers, operators and service providers for such solutions is growing, driven by new business models and a goal to maintain agility of services in orbit. This new investment will allow Ramon.Space to scale its organization to meet market needs,” said Avi Shabtai, CEO of Ramon.Space.