SlingShot Aerospace, an Austin, TX, El Segundo, CA, Colorado Springs, and Fort Collins, CO-based company building data and analytics products to make space operations safer, raised $40.85M in Series A2 funding.
The round was led by Sway Ventures with participation form C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, and Draper Associates. In addition to $40.85 million in equity funding, Horizon Technology Finance (NASDAQ: HRZN) provided a venture loan to accelerate Slingshot’s growth.
The company intends to use the funds to
- Drive growth across its global commercial, civil, and defense customer base
- Further build out its Global Sensor Network, which already includes 150 sensors and 30 telescopes across 20 locations around the globe
- Accelerate the expansion of its Digital Space Twin™ software platform and commercialization of company products, including Slingshot Beacon
Led by CEO Melanie Stricklan, Slingshot Aerospace builds space simulation, data and analytics products that help worldwide commercial, civil and defense organizations make space operations safer to accelerate space sustainability. The company synthesizes data from multiple sources, including the newly acquired Global Sensor Network and the Seradata SpaceTrak database, to bring the space domain into the digital environment. With these insights, customers are empowered to make decisions and achieve clarity in the complexity of the space domain.
The funding also supported recent acquisitions such as Numerica’s Space Domain Awareness division and Seradata.
FinSMEs
06/12/2022