Spaceflight Industries announced that it has secured $18 million in Series B financing led by Mithril Capital management as part of a round that is expected to raise up to $25 million. The company, which provides satellite infrastructure, global communication networks, and rea-time imaging capabilities, has raised a total of $53.5 million from investors including RRE Venture Capital, Vulcan Capital, and Razor’s Edge Ventures. Spaceflight is the first launch services provider to be awarded a GSA Schedule contract that enables federal agencies to secure small satellite launch contracts and pre-negotiated rates.
Spaceflight also announced that it has acquired Herndon, Virginia-based OpenWhere, a geospatial firm that provides situational awareness, geospatial intelligence, change monitoring, and risk analysis. Spaceflight made the acquisition to “further enhance and execute on its BlackSky geospatial data platform for satellite imagery.” Deal terms were not disclosed.
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