K2 Space, a Torrance, CA-based startup building large satellite buses, raised $7m in funding.
Backers included Alpine Space Ventures.
The company, which has raised a total of $16m, intends to use the funds to continue to exapnd operations and its development efforts.
Led by CEO Karan Kunjur, and CTO Neel Kunjur, K2 Space is building a next-generation satellite bus that provides the ability to deploy highly capable satellites at a fraction of current cost.
According to reports, the company has also signed three contracts from the U.S. Department of Defense on behalf of different end users.
K2 had already raised $8.5m in a seed led by First Round Capital and Republic Capital.
FinSMEs
20/10/2023