in Space

Isotropic Systems raises $14m to advance space-based connectivity

Posted 21 January 2019 · Add Comment

London-based integrated satellite terminal solutions provider, Isotropic Systems Ltd., has announced a $14 million Series A round of funding led by Boeing HorizonX Ventures, with participation from WML, Space Angels and Space Capital.

Isotropic joins Boeing subsidiary Millennium Space Systems and Boeing HorizonX Ventures portfolio startups Myriota, BridgeSat Inc. and Accion Systems in advancing the company's satellite and space-based capabilities.

Isotropic is the second UK-based startup to join the HorizonX portfolio, following Reaction Engines in April 2018.

"This investment is another indication of the strength of the UK's aerospace and technology sectors and Boeing's commitment to growing in the UK," said Sir Michael Arthur (right), president of Boeing Europe and managing director of Boeing UK and Ireland.

John Finney, founder and chief executive officer of Isotropic Systems said: “The Series A financing builds on an exceptional year for Isotropic which saw a rapidly growing roster of strategic partners and customers who are poised to unlock the full potential of high-throughput satellites and mega-constellations across all orbits.

“Boeing’s investment provides our team access to Boeing experts, testing labs, and other valuable resources to fast-track the deployment of our terminal solutions and to leverage our intellectual property across other space-based and wireless connectivity applications.”

Leveraging a transformational optical beamforming technology to control the direction of radio waves, Isotropic Systems has developed communication terminal solutions that are significantly more cost-effective, use significantly less power and yet achieve superior performance benefits for the end users. The substantial reduction in cost and power combined with improved performance result in newly-addressable markets and enable mass adoption of satellite communications. 

“Isotropic’s solution allows for increased capabilities at reduced costs for satellite service providers,” said Brian Schettler, managing director of Boeing HorizonX Ventures. “This investment accelerates the expansion of space-based connectivity services to the mass market and continues Boeing’s leadership in space innovation.”

This new funding will allow Isotropic to accelerate the commercialisation of its technology to benefit its satellite operator customers and to leverage its technology to explore new applications in adjacent markets.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Virgin Galactic opens up interior of Gateway to Space

Virgin Galactic has revealed the first phase of the interior of Spaceport America in New Mexico, the world’s first-ever commercial spaceport.

Meggitt wins orders with Lockheed Martin and the Defense Logistics Agency

Meggitt plc has announced two deals with an aggregated value of $85 million with Lockheed Martin and the Defense Logistics Agency in the United States.

Advanced Engineering lines up speakers for open forum

The UK’s largest annual engineering show, Advanced Engineering, has announced some of the companies providing guest speakers that will be presenting at the show on 30th and 31st October 2019 at the NEC in Birmingham.

Police Scotland makes £3.9m tech investment

Police Scotland is investing £3.9m in a faster computer network to improve service and efficiency across the country.

Validair launches android app for VMS

Validair Monitoring Solutions Ltd (VMSL) announces the introduction of a brand new Android smartphone app for users of VMS systems incorporating the ViGIE software that offers comprehensive remote functionality as well as live

BA's A350 gears up for its first long haul flight to Dubai

British Airways’ first A350 aircraft is being put through its paces with extensive service trials ahead of it starting long-haul flying to Dubai on 2nd September.

See us at
SMI ActiveP BT1206121119TMP BT0708090919DSEI JP BT1605201119FIL20BT010819260720SMI FAV BT1006141119SMI GMS BT1906071119VIDSE BT1605060320ADSS1000DBT1706171019