COMPANY INFO
Astranis Space Technologies Corp. is a private American company founded in 2015 by John Gedmark and Ryan McLinko. It specializes in building small, low-cost geostationary communications satellites to provide internet access, particularly to remote and underserved regions. The company is headquartered in San Francisco, California, operates in the Satellite Internet industry, and has around 250 to 302 employees as of 2023. Its website is www.astranis.com.
Astranis Space Technologies Corp. is a leading private American company, established in 2015, that operates in the Satellite Internet industry. Founded by John Gedmark and Ryan McLinko, Astranis is headquartered in San Francisco, California, and focuses on designing and building small, cost-effective geostationary communications satellites. Their mission is to provide reliable internet connectivity to remote and underserved regions globally. The company, which employs around 250 to 302 people as of 2023, stands out for its innovative MicroGEO satellites that are reshaping satellite broadband access.
Astranis Space Technologies Corp. has shown an impressive funding trajectory since its inception. The company has raised a total of $753 million over 12 funding rounds, underscoring a robust growth and innovation strategy. Major funding milestones include multiple Series C and D rounds, with significant capital aimed at scaling technology, expanding market reach, and fully funding advanced satellite development programs like Omega. Astranis has attracted high-caliber venture capital and strategic investors, supporting a strategy that emphasizes aggressive technological progress and market leadership in satellite internet solutions.
The Series D round was raised to fully fund Astranis’s Omega development program and propel the upcoming MicroGEO satellite launches. This round further enables the company to scale its satellite fleet and expand broadband coverage globally.
This Series C round was geared toward scaling Astranis's satellite broadband services and accelerating technology development. It marked a major step in advancing the company’s mission, securing a reported $1.6B valuation.
The earlier Series C round provided funds for product development and market expansion as Astranis geared up to meet increasing demand for affordable satellite internet, achieving a $1.4B valuation at the time.
Debt financing through TriplePoint Capital to strengthen company growth and operational capacity as Astranis ramped up its production and prepared for commercial contracts.
The Series B round focused on technology refinement and capturing broader market opportunities, with backing from top venture capital investors.
This investment was targeted at product development and early efforts toward commercializing Astranis’s innovative satellite solutions.
Initial seed funding meant to support the company’s launch, product R&D, and foundational operations.
Additional seed funding for early-stage product development and operational scaling.
A prominent venture capital firm, a16z has played a leading role in multiple Astranis funding rounds, supporting core technology development and market expansion.
BAM Elevate led the most recent Series D round, providing capital to support Astranis’s Omega program and continued innovation in satellite broadband.
One of the world's largest asset managers, BlackRock led a $281M Series C round, marking a significant institutional endorsement of Astranis's long-term potential.
A major asset management and investment firm, Fidelity has invested in Astranis, lending credibility and substantial resources to the company’s funding strategy.
An internationally recognized investment management partnership, Baillie Gifford has backed Astranis as part of its mission to invest in transformative growth companies.
A leading startup accelerator, Y Combinator was an early investor, providing seed funding and critical early stage support that helped launch Astranis.
An established venture capital firm, Venrock joined in the Series B round, helping the company scale its technical and commercial operations.
As a venture investor, Refactor Capital has supported Astranis's vision for democratizing access to global broadband.
This network of private investors has provided additional strategic funding for Astranis’s growth.
An early-stage venture capital firm, Haystack invested seed capital, demonstrating faith in Astranis’s foundational vision.
Metaplanet, the investment arm of Jaan Tallinn (co-founder of Skype), has provided backing aligned with disruptive innovation in technology.
Garage Capital participated in early rounds, supporting Astranis as it established its R&D and early product prototypes.
A notable seed fund, SV Angel supported Astranis in its formative stages.
Trinity Capital has contributed growth-stage venture debt, supplementing Astranis’s equity raises with additional financial flexibility.
A respected Google AI executive and angel investor, Jeff Dean has personally supported Astranis, reflecting trust in the company’s engineering leadership.
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