Space company Kepler Communications has raised an oversubscribed US$60M Series B to provide it with a capital injection for the continued scaling of its on-orbit satellite communications network. This Series B fundraising round brings the total funding raised to date by Kepler to over USD$90M.
Kepler is charging forward in the space race to develop a Low Earth Orbit (LEO) satellite communication network. Kepler’s ambition is to provide Internet outside of Earth for the booming space economy. Kepler designs, builds, and operates satellites that are 1/10th the size and cost of alternatives to provide satellite communication services. Its network provides much needed capacity to the Maritime, Aviation, and Government markets on Earth and will soon extend coverage outside of Earth for applications like Earth Observation and Space Tourism.
Kepler has made many significant advancements in the past year despite the challenges presented by COVID-19. The company completed its vertical integration by bringing satellite production in-house, and designed, built, and launched a dozen GEN 1 satellites. They now boast the capability to produce 10 satellites per month. Leveraging their production, Kepler has grown to become the largest satellite operator in Canada with 15 satellites now in orbit serving customer needs as far as the North Pole.
The funds raised will help Kepler introduce their next generation satellites as they increase the size of their network. Additionally, the funds from the Series B will be used to enhance the size and caliber of the team at Kepler Communications.
Mark Michael, Chief Architect and Co-Founder
This funding helps Kepler continue its market leadership position; we will be retaining and competing for the best talent globally. Our success is only attributable to the team we’ve built, and to that end we will continue to seek out the best and brightest who share our values.
Wen Cheng Chong, CTO and Co-Founder
Building the internet in space is the guiding mission at Kepler. Our next generation of satellites will expand our coverage beyond Earth providing internet connectivity people, devices, satellites and more in orbit.
