SpiderOak, a Washington, DC-based provider of zero-trust cybersecurity solutions for space systems, raised $16.4M in Series C funding.
The round was led by Empyrean Technology Solutions, with participation from Method Capital, and OCA Ventures.
The company intends to use the funds to complete on-orbit testing and achieve flight heritage of OrbitSecure 2.0, establish its headquarters in Reston, VA, allowing a complete build out of its program and engineering teams, and develop a space cybersecurity laboratory for hardware in the loop qualification testing for OrbitSecure and custom mission partner solutions.
Led by CEO Dave Pearah and Executive Chairman Charles Beames, SpiderOak is a 100% U.S.-owned and operated software company that delivers end-to-end cybersecurity solutions for civil, military and commercial space operations. OrbitSecure software utilizes a new fully decentralized key management system allowing for full availability and continued operations in space despite disconnected or highly contested networks. This new capability provides enhanced decentralized space resiliency to multi-vendor, multi-network, mesh proliferated low-Earth orbit (LEO) networks by reducing the attack surface and the ability of adversaries to jam, disrupt, modify, or contest space communications and satellite services. Its commercially available products are built upon a foundation of zero-trust encryption and distributed ledger, ensuring the confidentiality, integrity and availability of sensitive data in the space domain.
FinSMEs
12/01/2023