COMPANY INFO
Proteus Space, Inc. was founded in 2021 by David Kervin and Andrew Shapiro, Ph.D. It is an aerospace and defense company headquartered in Los Angeles, California, with about 16 to 18 employees. The company specializes in designing and manufacturing rapid custom satellite bus systems and advanced electronic propulsion systems for space missions, enabling faster and more reliable satellite design with applications in low earth orbit, lunar, and Martian missions. Their website is www.proteus-space.com.
Proteus Space is an innovative aerospace and defense company founded in 2021 by David Kervin and Andrew Shapiro, Ph.D. Headquartered in Los Angeles, California, Proteus Space specializes in designing and manufacturing rapid custom satellite bus systems and advanced electronic propulsion for space missions. Operating with approximately 16-18 employees, the company leverages autonomous digital engineering and digital twin systems—especially through their Mercury platform—to drastically reduce satellite production errors and timelines for missions spanning low Earth orbit, lunar, and Martian destinations.
Proteus Space funding has been integral to its rapid progress in the competitive aerospace landscape. Since its inception, Proteus Space has raised a total of $14.4 million over three funding rounds. The company's funding strategy has focused on attracting dedicated venture capital firms and strategic partners in both the public and private sectors. Investments have not only supported product development and expansion into advanced manufacturing but also accelerated the deployment of their mission-tailored satellite design software platform. Key milestones include successful pre-seed and seed rounds, with backing from prominent investors in the defense and technology sectors.
This recent seed round was aimed at advancing product development and scaling operations, allowing Proteus Space to further innovate its digital twin and autonomous satellite engineering technologies.
Led by Moonshots Capital, this round supported the development of Proteus Space’s superfast satellite design software platform and the opening of a new state-of-the-art manufacturing facility. It brought in key investors specializing in early-stage deep tech and defense solutions.
The pre-seed funding, led by Morpheus Space, provided the initial capital to pursue Proteus Space's vision of automating the satellite design and manufacturing process. These funds enabled the team to build foundational technologies that underpin their current offerings.
Lavrock Ventures is a leading early-stage venture capital firm that has played a central role across multiple Proteus Space funding rounds. Their support has been instrumental in enabling rapid growth and product innovation in the aerospace sector.
The Veteran Fund is a venture capital group dedicated to backing veteran-led startups. Their investment in Proteus Space highlights a commitment to supporting founder David Kervin, a US Marine Corps veteran, and driving innovation in defense-related technologies.
Science Applications International Corporation (SAIC) is a Fortune 500 technology integrator and defense contractor whose investment brings credibility and strategic resources, linking Proteus Space directly to government and commercial markets.
As the lead investor in the $4.2M seed round, Moonshots Capital is known for supporting transformative technologies in early-stage ventures, with a particular focus on founders from military backgrounds.
Mana Ventures is a venture capital firm focused on investing in emerging deep tech and aerospace companies. Their involvement supports Proteus Space’s mission of redefining rapid satellite development.
AIN Ventures, also known as Academy Investor Network, invests in innovative startups led by graduates from top military academies. Their partnership with Proteus Space signals strong faith in the founders’ leadership and the company’s disruptive technology.
Based in Texas, Capital Factory is an accelerator and venture fund offering resources, mentorship, and funding to early-stage companies. Their investment supports Proteus Space’s expansion and networking within key innovation ecosystems.
Industrious Ventures backs companies with novel approaches to hard tech and industrial automation, aligning with Proteus Space’s ambitions in automating space hardware design.
Crosscut Ventures is a major venture capital firm that invests in early-stage tech companies across multiple sectors, including aerospace. Their involvement injects both capital and strategic guidance.
Morpheus Space, a leader in satellite propulsion systems, led the pre-seed round. Their strategic investment aligns with Proteus Space’s focus on advanced propulsion and rapid satellite prototyping.
The Academy Investor Network (AIN) operates as both a community and venture fund investing in military veteran founders. Their continued backing of Proteus Space underscores confidence in both the team and technology.
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