Slingshot Aerospace, an El Segundo, CA-based provider of AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation, received $30M in Growth Capital.
Trinity Capital Inc. (NASDAQ: TRIN) provided the capital.
The company intends to use the funds to continue to scale operations and fund key growth initiatives.
Led by CEO Tim Solms, Slingshot Aerospace provides government and commercial partners around the world with AI-powered solutions for satellite tracking, space traffic coordination, and space modeling and simulation. The platform transforms disparate space data into a common operating picture of the space domain by leveraging advanced space object tracking, artificial intelligence, astrodynamics, and data fusion. It also combines data from the Slingshot Global Sensor Network, the Slingshot Seradata satellite and launch database, satellite owner-operators, and other third-party space data providers to create a holistic and dynamic view of space for training, planning, and operations. This unified representation of space activities – past, present, and predicted – enhances operators’ space situational awareness, improves operational efficiency, and reduces risk for space operators.
Slingshot aims to make space safe, sustainable, and secure. The company was launched in 2017 and has locations in California, Colorado, and the UK.
FinSMEs
16/09/2024