Astroscale has secured $50m in a series D financing round led by Innovation Network Corporation of Japan (INCJ) and Japan's Mitsubishi Estate and SBI Investment. The company is also working with the National Science Foundation (NSF) to develop an app that will allow users to track their progress on the app. It's raised a total of $102m and the latest money will enable it to advance projects including technology-demonstration satellite ELSA-d. Constructed by Surrey Satellite Technology of the UK, the spacecraft features satellites for rendezvous and proximity operations and is scheduled for a 2020 launch. Astroscale also plans to scale up its UK operations centre.
Astroscale has secured $50m in a series D financing round led by Innovation Network Corporation of Japan (INCJ) and Japan's Mitsubishi Estate and SBI Investment. The Singapore-based firm is working on technologies to remove space debris from orbit. It's raised a total of $102m and the latest money will enable it to advance projects including technology-demonstration satellite ELSA-d. Constructed by Surrey Satellite Technology of the UK, the spacecraft features satellites for rendezvous and proximity operations and is scheduled for a 2020 launch. Astroscale also plans to scale up its UK operations centre.