Are you intrigued by how a startup transitioned from securing $30 million in Series A funding to amassing $100 million in Series B funding? Well, a Colorado-based startup just did that. They managed to triple their funding in the Series B round compared to Series A.
True Anomaly, a Colorado-based startup, has raised $100 million in a Series B funding round led by Riot Ventures. The funds will be used to further develop their space security technologies at the intersection of hardware, software, and AI. The company, founded in 2022, aims to enhance space safety and sustainability and support the U.S. in maintaining its leading position in space power. They have previously secured $30 million, including $17 million in Series A funding, and a $17.4 million contract from the U.S. Space Force. True Anomaly also constructs spacecraft, specifically an autonomous vehicle named Jackal, with the first two set to launch next year.
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