Astranis, a San Francisco, CA-based satellite startup, raised $13.5m in Series A funding.
The round, which brings total funding to $18m, was led by Andreessen Horowitz, with participation from Y Combinator, Refactor Capital, Indicator Fund, and Fifty Years. In conjunction with the funding, Martin Casado, a general partner at Andreessen Horowitz, is joining the board of Astranis.
The company will use the funds to expand operations.
Co-founded by John Gedmark and Ryan McLinko, Astranis is building the next generation of smaller, lower-cost telecommunications satellites to deliver broadband internet services to telecommunications services around the globe.
Per the company’s website, other investors from previous rounds included Jeff Dean, Lars Rasmussen, Kyle Vogt, Jaan Tallinn, Qasar Younis and Jared Friedman.
FinSMEs
02/03/2018