Morpheus Space, a Los Angeles, CA-based provider of in-space mobility systems, raised $28M in Series A funding.
The round was led by Alpine Space Ventures, with participation from Morpheus Ventures, Vsquared Ventures, Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Ventures, and Techstars Ventures.
The company intends to use the funds to expand and improve its manufacturing capabilities, with a new factory in Dresden, Germany, and grow staffing across multiple disciplines and levels.
Led by CEO Daniel Bock and President István Lőrincz, Morpheus Space is a provider of spacecraft electric propulsion systems. The Sphere Flow, a fusion between electric propulsion and artificial intelligence, enables satellite service providers to operate entire constellations as one entity by utilizing efficient space propulsion system servicing satellites <1Kg to >1000Kg. The technology enables each satellite to perform countless orbital maneuvers, which allows the possibility of “objective first” mission planning with 100% automation. This provides flexibility of satellite networks that is exploited by the A.I. to optimize the constellations and fulfill customer objectives.
FinSMEs
15/09/2022