The low Earth orbit mapping technology provider has raised more than $100m altogether, having picked up series A financing from Weru Investment in 2018.
LeoLabs, a US-based space mapping and data provider backed by Waseda University’s venture capital affiliate Weru Investment, has completed a $65m series B round co-led by Insight Partners and VelvetSea Ventures.
Spun out of research institute SRI International in 2016, LeoLabs operates ground-based space radars to provide mapping and space situational awareness data for low Earth orbit.
Applications include satellite constellation monitoring, collision prevention, small debris tracking and launch support.
Its clients span commercial satellite operators, academic organisations, defence companies and space agencies. The funding has been allocated to recruitment, scaling the company’s software and building multiple additional radar sites.
Nick Sinai, senior adviser at Insight Partners, will join LeoLabs’ board of directors.
The company has now raised more than $100m in funding altogether, it said. Weru Investment co-led a $13m series A round with aerospace manufacturer Airbus’ corporate venturing arm Airbus Ventures in 2018.
The series A round also included Space Angels and Horizons Ventures. The latter had joined SRI International and Airbus Ventures for a $4m seed round in 2017.
