[[{“value”:”
WASHINGTON — True Anomaly, a defense-focused aerospace startup developing spacecraft and software for U.S. national security missions, has raised $260 million in fresh capital to fund a slate of space missions and scale its operations.
The Colorado-based company announced April 30 that it closed a Series C round that combines equity and debt financing. Venture firm Accel led the round, with participation from Meritech Capital and several existing backers including Eclipse, Riot Ventures, Menlo Ventures, and Narya. Stifel Bank is providing the debt portion of the raise.
Founded in 2022, True Anomaly has positioned itself as an emerging player in the military space market. The company designs spacecraft that can maneuver near other satellites in orbit — technology that aligns with U.S. efforts to bolster space domain awareness and respond to potential threats in orbit. Space domain awareness is the ability to detect, track and understand objects and activities in space.
The company’s flagship vehicle, called the Jackal, is designed for close-proximity operations, using optical and radar sensors to gather high-resolution imagery and conduct reconnaissance. The company also builds software platforms for training and simulations aimed at preparing military personnel for space conflict scenarios.
With the new funds, True Anomaly plans to support four space missions over the next 18 months, introduce new products and grow its workforce from 170 to more than 250 employees by the end of this year.
The company’s upcoming missions include its third test flight of the Jackal to low Earth orbit to continue validating spacecraft performance and production techniques. It also plans to launch its first Jackal missions to geostationary orbit—a region 22,000 miles above the Earth used by many military satellites—and to cislunar space, the area between Earth and the Moon that has emerged as a new domain of strategic interest.
Another major upcoming mission is Victus Haze, a $30 million contract awarded by the U.S. Space Force as part of its Tactically Responsive Space initiative. True Anomaly has partnered with Firefly Aerospace to deliver the mission, which aims to demonstrate how quickly the U.S. can launch and operate satellites in response to dynamic threats in orbit.
In February, True Anomaly announced it is opening a new 90,000-square-foot manufacturing facility in Long Beach, California, placing it closer to Space Systems Command in Los Angeles, which oversees billions in Space Force procurement. The company will continue to operate its headquarters and existing production facilities in Centennial, Colorado.
“}]]
Source: Read More