COMPANY INFO
AscendArc, founded in 2023, is a private satellite communications company headquartered in Beaverton, Oregon. The company was founded by Chris McLain, who serves as President and Founder, along with a team of industry experts including Corrie Lamkin and others. AscendArc specializes in designing and manufacturing low incremental cost, rapidly deployable, high-bandwidth small geostationary satellites aimed at fundamentally changing the economics of satellite communications. The company has between 1-10 employees and operates in the communications and networking industry. Their website is https://www.ascendarc.com.
AscendArc, Inc. is a private satellite communications company founded in 2023 and headquartered in Beaverton, Oregon. Specializing in the design and manufacturing of low incremental cost, rapidly deployable, and high-bandwidth small geostationary satellites, AscendArc aims to transform the economics of satellite telecommunications. The company, led by President and Founder Chris McLain, operates within the satellite and communications industry and is building a reputation for scalable, cost-effective solutions in the global satellite market.
AscendArc, Inc. funding history demonstrates strong momentum since its inception, with a total of $7.75 million raised across four funding rounds. Notable financial milestones include a $3.45 million Seed VC round in early 2025, as well as significant early-stage capital to support technology development and scaling. The company's funding strategy has focused on leveraging venture capital to accelerate R&D in small geostationary satellites and to grow manufacturing and deployment capacity. AscendArc, Inc. investors include prominent names in aerospace and venture capital, highlighting the company's appeal to those interested in innovative telecom solutions.
This seed funding round, led by Seraphim Space, was aimed at developing AscendArc, Inc.'s small GEO communication satellites and optimizing cost-efficient satellite solutions with new designs for smaller GEO satellites.
The additional seed funding rounds were used to scale manufacturing and deployment capabilities, as well as to boost satellite bandwidth and operational efficiency to better serve commercial and defense sector clients.
Pre-seed funding supported the initial development and launch of AscendArc, Inc.'s innovative small geostationary satellite technology, providing critical resources for early-stage product design and market validation.
Seraphim Space is a leading venture capital investor in space technology companies and served as the lead investor in AscendArc, Inc.'s seed round. Their involvement brings industry expertise and deep networks in space innovation.
Everywhere Ventures is a globally-focused venture firm supporting early-stage technology startups. As a key AscendArc, Inc. investor, they have contributed to pre-seed and additional seed funding to back the company’s growth.
Portland Seed Fund is a startup investment fund based in Oregon that provides early capital and mentorship. Their participation supports regional innovation and strengthens AscendArc, Inc.'s connections to the Pacific Northwest startup ecosystem.
Thermo Companies is an investment group with interests across energy and communications sectors. Their investment in AscendArc, Inc. funding rounds highlights support for cutting-edge satellite and networking technologies.
Hunter Communications is a major satellite service provider and strategic investor in AscendArc, Inc. funding. Their backing not only provides capital but also valuable industry relationships and go-to-market expertise.
Websets is a powerful natural language search and data enrichment tool that helps you discover comprehensive funding information for any company. Whether you're researching AscendArc, Inc. funding rounds or exploring investment data for other companies, Websets provides detailed insights into funding history, investors, and financial milestones.
With Websets, you can access detailed funding profiles, investor information, and financial data through intuitive natural language queries. Sign up now to enhance your funding research capabilities.