Software solutions

Antaris Closes $4.2M Seed Funding Round for Development of Space Software Solutions

Antaris Closes $4.2M Seed Funding Round for Development of Space Software Solutions

Antaris, the space software platform provider, announced that the company has closed a $4.2 million funding round led by Acequia Capital and Possible Ventures. The round also includes investments from leading space technology investors Lockheed Martin Ventures, HCVC, E2MC and Ananth Technologies.

“We created Antaris to make space easy,” said Tom Barton, co-founder and CEO of Antaris. “Our platform dramatically simplifies the way satellites are designed, built and operated, and we are excited to accelerate our development efforts with this new funding round. “Space has been hampered by extraordinarily high costs, supply chain constraints and lack of vendor interoperability. We intend to change all of that.”

The funding will primarily be used to onboard new talent and accelerate the development of the Antaris Open Space platform, which includes modular satellite design tools, True Twin™ virtual satellites, integration with verified manufacturing partners and interfaces with a full suite of mission control solutions.

“Antaris aims to streamline the way we build and manage satellites in low Earth orbit,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “We invested in Antaris because we believe in their mission to bridge space and cloud technology, and simplify operational management throughout a satellite’s lifecycle.”

Antaris is suitable for a wide range of missions, including communications, imaging, climate study, military intelligence and academic research. The company has signed preliminary agreements with key industry players including Ananth Technologies Limited, OHB Hellas, Phantom Space Corporation, Morpheus Space, ZES and Aphelion Aerospace. The first Antaris satellite, known as Janus I, is expected to launch late in the third quarter.

“The launch of Janus I in the coming months will be a key milestone for Antaris and our valued partners,” said Karthik Govindhasamy, Co-Founder and Chief Technology Officer of Antaris. “We are fundamentally revolutionizing access to satellite technology, and it’s all about our unique end-to-end software solution approach for all aspects of the satellite life cycle.”

The Antaris founders previously held key leadership positions at satellite disruptor Planet Labs and were part of the team that launched the largest commercial imaging constellation ever.