Relativity, a Los Angeles, CA-based maker of metal 3D printer to build and fly rockets, closed its $35m Series B financing.
The round, which brings total venture funding raised to over $45m, was led by Playground Global with participation from existing Series A investors Social Capital, Y Combinator Continuity and Mark Cuban.
The company intends to use the funds to continue its growth in the satellite constellation market and expand its partnerships.
Formed in 2015 by Tim Ellis and Jordan Noone, Relativity has created a metal 3D printer which uses machine learning in combination with their custom software, hardware and proprietary metal alloys, to 3D print rockets and launch satellites into space.
The company – which has built a metal 3D printer and completed over 100 rocket engine test fires – is working with commercial and government entities around the world. The custom-built rockets launch Earth-orbiting satellites with large payloads (i.e. a satellite the size of a small car).
FinSMEs
27/03/2018