Slingshot Aerospace completes $40.8 million funding round - SpaceNews

The oversubscribed circular was led by Sway Ventures

WASHINGTON — Slingshot Aerospace, a abstraction information analytics company, announced Dec. 6 it has raised $40.8 cardinal successful a Series A2 backing round. 

The oversubscribed circular was led by Sway Ventures and included information from C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners and Draper Associates. Horizon Technology Finance separately provided a task loan, Slingshot said.

“The monolithic maturation successful abstraction operations carries a important hazard arsenic good arsenic an opportunity,” said Najib Khouri-Haddad, wide spouse of Sway Ventures. 

Founded successful 2017, Slingshot is based successful El Segundo, California; and Austin, Texas. The caller backing volition assistance the institution make caller products and besides concern caller acquisitions. Slingshot successful August acquired Numerica, a Colorado-based institution that operates a planetary web of ground-based telescopes to way abstraction objects; and Seradata, a abstraction information investigation steadfast based successful the United Kingdom. 

One of the company’s products is simply a space postulation power bundle tool utilized by outer operators to coordinate outer maneuvers and pass with different operators to avert collisions.  

Under a contract with the U.S. Space Force, the institution developed a space integer twin — a virtual abstraction situation to bid subject operators.

“Our palmy backing circular during a planetary economical downturn is validation that investors recognize the urgent request for harmless and sustainable spaceflight operations.” said Melanie Stricklan, Slingshot’s co-founder and CEO.

The institution to day has raised $82.5 million, she said. 

The geopolitical unrest successful the satellite contiguous is driving up defence budgets, including abstraction programs, Stricklan told SpaceNews. “Investors’ involvement successful abstraction hasn’t wavered with the economical downturn.”

Slingshot sees opportunities to supply abstraction domain consciousness services to the U.S. Space Force which precocious established a caller office focused connected acquiring commercialized services. 

DoD and Congress, said Stricklan, are “starting to truly recognize the technologies that are commercially viable, that the authorities doesn’t person to physique those technologies.”