Sceye, a Moriarty, New Mexico-based aerospace company specializing in high-atitude platform systems (HAPS), raised an undisclosed amount in Series C funding.
The round was led by Mawarid Holding Company.
The company, which valued at $525M and poised for 2025 commercial launch, intends to use the funds to expand operations and its development efforts.
Founded in 2014 and led by CEO and Founder Mikkel Vestergaard Frandsen, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. It leads the high-altitude platform systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention.
This Series C investment announcement followed the success of Sceye’s 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation.
FinSMEs
17/09/2024