Finance
Startup That Monitors Space Threats Raises $100 Million to Expand Satellites
- Contractor’s spacecraft to track national threats in orbit
- Threats can range from enemy satellites to space debris
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True Anomaly Inc., a US startup designing military and intelligence space reconnaissance systems, raised $100 million from investors to ramp up output of a satellite that can track national threats in orbit.
Riot Ventures led the series B round with participation from Eclipse Ventures, ACME Capital and Menlo Ventures. True Anomaly, based in the Denver area, will use the funds to hire and scale operations. The startup’s valuation was not disclosed, but it is yet to reach unicorn status, or more than $1 billion.