Electronics Weekly Electronics Design & Components Tech News
Existing investors – including Michigan Capital Network, Beringea, Wakestream Ventures and Boomerang Catapult – participated in the funding round. As did new investors Michigan Rise and Red Cedar Ventures.
The investment will be used to meet industry demand and manage the rapid growth it is experiencing, says the Michigan-headquartered company.
ATLAS Space Operations
It describes itself as a Ground Station as a Service (GaaS) and Ground Software as a Service (GSaaS) provider.
The company claims the largest U.S. owned and operated global federated ground network. The ATLAS network – servicing spacecraft operators – comprises 50 antennas across 34 ground stations, providing for LEO, MEO, and GEO orbits, operating its proprietary Freedom Software.
“We are thrilled to have NewSpace Capital’s support,” said the CEO at ATLAS, John Williams, pictured. “Their exceptional expertise in the space industry will strongly bolster ATLAS in executing and expanding in the U.S., as well its international growth strategy in the European, Middle Eastern, and African (EMEA) markets.”
NewSpace Capital
For its part, the Luxembourg-based NewSpace Capital highlighted the role of ground station services:
“We look for companies that really change the playing field,” said Martin Halliwell, Partner at NewSpace Capital. “ATLAS stood out to us because of the critical importance of what they do for the sector as a whole, the intelligence and industry that was plain to see in their team, and their ambition to grow.”
“ATLAS solves the problem of fragmented ground communication in the space industry. They provide a smoother, more reliable, faster, and more cost-effective solution.”
Halliwell will be joining the board of ATLAS.
Earlier in the year, in March, we reported that NewSpace Capital had invested in Simera Sense. The optical payload specialist for small satellites raised €13.5 million in its first funding round.
See also: Eutelsat carves out ground segment entity for private equity
