SAN FRANCISCO – Luxembourg-based Kleos Space has raised $ 13.8 million following the November 7 launch of its first group of radiofrequency mapping satellites.
“Kleos is now well funded to execute the launch of the second group of satellites, Polar Vigilance Mission in mid-2021, and to develop its third group of satellites, which are expected to be in orbit by the end of 2021,” according to a statement from November. 11 press release.
Kleos Space launched four cubesats on November 7 on an Indian Polar Satellite Launch Vehicle (PSLV). The first work to bring the satellite into service “is proceeding according to schedule”, according to the press release.
Kleos Space, founded in 2017, plans from Kleos Space to establish around ten clusters of four satellites to geolocate radiofrequency signals and locate sources. The company plans to sell data subscriptions to governments and commercial customers.
“We welcome and are delighted to be supported by existing and new high quality institutional investors who have recognized Kleos’ vision and potential,” Kleos CEO Andrew Boyer said in a statement. “High attendance and high demand are a clear endorsement of this opportunity.”
Kleos Space had originally planned to launch its first cluster of satellites on a Rocket Lab flight in 2018. A bridge loan from Dubai-based Winance helped maintain the company’s funding through its recent PSLV launch hosted by Spaceflight.