The small-scale satellite builder has completed a series B round featuring existing investor Lockheed Martin Ventures.
US-based satellite services provider Terran Orbital Corporation closed a $36m series B round on Monday that was backed by aerospace manufacturer Lockheed Martin’s corporate venturing arm, Lockheed Martin Ventures.
The round included investment banking firm Goldman Sachs and funds managed by investment manager Beach Point Capital Management.
Founded in 2013, Terran designs and builds nanosatellites and microsatellites for the US government as well as commercial customers.
The company plans to use the series B capital to increase headcount and buy…
