Isotropic Systems announces that is has fully secured funding of over $40 million providing the necessary capital required to develop its multi-beam antennas. The round brings together equity and grant funding support from the UK Government and market leaders in Aerospace and Telecommunications. SES led the round, along with participation from specialised space investors Orbital Ventures, UK government’s Future Fund and existing investors Boeing HorizonX Global Ventures, Space Angels and Firmament Ventures. The funding will accelerate production phase in time to support new constellations and satellites launching in all satellite orbits from 2022 onwards.
Source: https://www.helpnetsecurity.com/2021/02/09/isotropic-funding/