Allied Minds has backed a series B round for its portfolio company BridgeSat, which also welcomed Boeing HorizonX Ventures as an investor.
BridgeSat, a US-based satellite communication technology developer, raised $10m in a series B round yesterday backed by commercialisation firm Allied Minds.
Boeing HorizonX Ventures, a corporate venturing division of aerospace and defence company Boeing, led the round.
Founded in 2015, BridgeSat is building a global communications network which uses optical ground stations that can transmit large amounts of data to low Earth orbit and geostationary satellites.
The technology enables secure transmissions between satellites, spacecraft, high-altitude aircraft and drones. The money…
