Zenno Astronautics, an Aukland, New Zealand-based space superconductor company, raised an undisclosed amount in Seed expansion funding.
The round was led by Global From Day One (GD1) with participation from Shasta Ventures and support from other existing investors, including Nuance, K1W1, UniServices, NZVC and New Zealand Growth Capital Partners (NZGCP)’s Aspire Seed Fund. In addition, Global Brain, joined the round alongside ANA HOLDINGS and Mitsubishi Electric.
Led by CEO Max Arshavsky, Zenno specializes in superconducting technologies for various space applications, first focusing on high-precision, fuel-free satellite positioning. Its product (Z01) scales to address demanding positioning requirements for satellites from 50kg and up to space station sized. It also addresses the ongoing need for satellites to reposition in orbit to maximise commercial value.
The company’s patented superconducting electromagnet technology is engineered for reliability, scalability, and fully electric space functionality.
FinSMEs
29/11/2024