Spaceflux funding spurs AI-powered space intelligence

The company says it is looking to expand its operations globally. And the new investment will provide funding for its AI-powered space intelligence products. These include its Pattern of Life analytics system and its Cortex platform. The latter co-ordinates data from a global network of optical sensors, can provide real-time Space Domain Awareness (SDA) and Space Traffic Management (STM).

Space surveillance

Spaceflux highlights that it secured all three multi-year UK Government space surveillance and tracking contracts. This is under the National Space Operations Centre framework.

The company was also selected by MDA Space to support Canada’s national Surveillance of Space 2 programme.

Spaceflux

“This funding round validates the scale of Spaceflux’s credibility, sovereign-grade technology, and transition from early growth to operational scale,” said Dr Marco Rocchetto, CEO and co-founder of Spaceflux, right.

“After delivering all three UK Government space surveillance and tracking contracts, being selected by Canadian company MDA Space as an optical systems provider for the Canadian government, and joining NATO DIANA, we are now scaling our AI-powered space intelligence internationally. Bringing in SPARX as a new Japanese investor, alongside continued support from our existing backers, is a clear signal that the demand for allied space intelligence is global.”

Backers

The latest funding was led by existing investor Blackfinch Ventures. There was also continuing participation from Foresight Group and the UK Innovation and Science Seed Fund. Future Planet Capital is managing the latter and it is a government-backed fund supported by partners. These include the UK Space Agency and the U.K’s Ministry of Defence.

Finally, new investors included Tokyo-based firm SPARX Asset Management. This is the company’s first international institutional investor, highlights Spaceflux’s, which could establish its presence in the Japanese market.

Dating from 2022, Spaceflux provides Space Domain Awareness (SDA) and Space Intelligence services.

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