Outpost Technologies Corporation, a Santa Monica, CA-based sustainable space company, closed a $7.1M seed funding round.
The round was led by Moonshots Capital, with participation from Draper Associates, Starlight Ventures, Kittyhawk Ventures, AIR Capital, Starburst Ventures, Shasta Ventures and others. In conjunction with the funding, Craig Cummings, partner at Moonshots, will join the board of Outpost.
This funding will enable the company to advance technology development and build their team.
Led by Jason Dunn, CEO and co-founder, and Michael Vergalla, CTO and co-founder, Outpost has developed, and flight tested a novel re-entry method that enables satellites to safely return to Earth with precision landing. This technology not only makes single-use satellites obsolete, but also enables the broader aerospace market to attain dedicated payload return to Earth.
FinSMEs
30/08/2022