CesiumAstro seizes series A cash

Mar 19, 2019 • Jack Hammond

The satellite antenna technology developer secured $12.5m in an Airbus Ventures-led round, with subsidiaries of Honeywell and Analog Devices also investing.

Airbus Ventures, the corporate venturing subsidiary of aerospace manufacturer Airbus, has led a $12.4m series A round for US-based satellite communication systems developer CesiumAstro.

The round included Honeywell Ventures and Analog Devices Ventures, subsidiaries of aerospace technology and appliance producer Honeywell and semiconductor maker Analog Devices.

Franklin Templeton Venture Fund, a vehicle for investment holding company Franklin Templeton, filled out the round along with venture capital firms Kleiner Perkins and Lavrock Ventures.

Founded in 2017, CesiumAstro is developing onboard antennas…

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