Aerospace manufacturer Boeing has invested an undisclosed amount in BridgeSat, a US-based developer of optical data transmission technology, to lead a series B round sized at $10m.
Intellectual property commercialisation firm Allied Minds also participated in the round, while Boeing invested through its HorizonX Ventures subsidiary. BridgeSat has not revealed details of earlier funding.
Founded in 2015, BridgeSat is setting up a network of ground stations that will transmit optical data through space terminals. It has secured a contract with government agency Nasa to build a system that could support the latter’s missions in future.
Brian Schettler, managing director of Boeing HorizonX Ventures, said: “This partnership will help us continue to lead the digital transition in satellites with technology that provides next-generation capabilities for our customers. Enabling BridgeSat to scale their operations accelerates secure, reliable satellite communications around the world.”
