MENLO PARK, Calif., Feb. 27, 2017 /PRNewswire/ — LeoLabs, Inc., the leading commercial provider of data to track space debris and prevent collisions in low Earth orbit (LEO), today announced closing a $4 million investment round. Funding is backed by a prestigious consortium of global investors, including SRI International, Horizons Ventures, and Airbus Ventures.
MENLO PARK, Calif., Feb. 27, 2017 /PRNewswire/ — LeoLabs, Inc., the leading commercial provider of data to track debris and prevent collisions in low Earth orbit (LEO), today announced completion of the next addition to its network of phased-array radars. The Midland Space Radar (MSR), located in Texas, is now operational and providing high resolution orbital data on LEO-based satellites and debris.
The UAE’s space sector is a key plank for its economic development and the growing amount of space junk orbiting the planet is an issue the country is well aware of. While the recent hit US film Gravity referenced it, albeit dramatically, the space surrounding our home planet is a floating junkyard where debris abounds, moving at fantastic speeds with colossal destructive energy.
The Star Wars saga painted a sensational picture of outer space. But the truth is, there are a myriad of debris floating around out there — 13,000 pieces to be exact — that pose a danger to the 500 or so satellites in low Earth orbit (LEO). LeoLabs, a spin-out of SRI International, announced today a seed round of $4 million for its technology to better track this debris.
Low-Earth orbit is a prime candidate for explosive commercial growth, but it’s also a space where the risk of actual explosions resulting from debris impact is a legitimate concern for businesses focused on the opportunity.
MENLO PARK, CA — With $4 million in the bank and two radars tracking satellites and debris in low Earth orbit, Silicon Valley startup LeoLabs is now open for business. LeoLabs began operating a phased-array radar in Midland, Texas, in February.
Launching a rocket or satellite into orbit is only half the journey for companies operating in the space commercialization industry. They also have to worry about preventing collisions with floating debris after the initial deployment is complete, a challenge that LeoLabs Inc. is working to tackle.
LeoLabs, Inc., a Menlo Park, CA-based commercial provider of data to track space debris and prevent collisions in low Earth orbit (LEO), closed a $4m funding round. Backers included SRI International, Horizons Ventures, and Airbus Ventures.