Isotropic raises over $ 40 million to develop its multi-beam antennas
Isotropic Systems announces that it has fully secured over $ 40 million in funding and has raised the capital required to develop its multi-beam antennas.
The round brings together equity and supports the UK government and market leaders in aerospace and telecommunications. SES led the round with the participation of specialist space investors Orbital Ventures, the UK Government’s Future Fund and existing investors Boeing HorizonX Global Ventures, Space Angels and Firmament Ventures.
Demand for the oversubscribed round was driven by recent development orders for Isotropic Systems’ transformation terminal, advanced testing over the air, and the accelerated development and launch of the Phase 1 terminal expected in early 2022.
With the funding, Isotropic Systems plans to accelerate the production phase in a timely manner to support new constellations and satellites launching in all satellite orbits from 2022.
Isotropic will also open a 20,000 square foot technology and testing facility near its Reading, UK headquarters, and create an additional 150 highly skilled UK engineering roles over the next two years.
Isotropic Systems’ patented radio frequency optics technology enables the high performance multi-beam antenna to connect to multiple satellites in multiple orbits at the same time without compromising the performance of each connection.
This industry is first opening up the global satellite ecosystem for unparalleled connectivity in a wide variety of markets including government, defense, shipping, corporate, and aerospace.
As companies such as OneWeb, Inmarsat, Intelsat, SpaceX, Amazon, SES and Telesat introduce several new space constellations, innovations in space must go hand in hand with innovations on the ground and in the air.
“Isotropic Systems is very well positioned to usher in a new age of high-performance, multi-orbit connectivity with our next generation multi-beam antenna,” said John Finney, Founder and CEO of Isotropic Systems.
“With satellite constellation after satellite announced for launch in the years to come, our technology is unique in that it enables service providers and end users to get the most out of the many thousands of satellites that are put into orbit with a single integrated terminal Unlocking Demand For the entire satellite industry, the way bandwidth services are provided to end users is radically changing, far exceeding the capabilities of a single satellite system.
“This unique, cost-effective solution has enabled us to draw world-class investment support from our industry, which in turn enables us to generate significant export revenues for the UK economy and the satellite sector as a whole.
“As we expand our UK-based team, collaborative partnerships and capabilities, we pride ourselves on supporting UK technical innovations to resolve connectivity issues in a variety of key vertical and geographic markets around the world.”
UK Science Secretary Amanda Solloway MP said: “The UK space sector is thriving and since connectivity has never been more important, it is important to support pioneering companies like Isotropic Systems that are taking advantage of the benefits space technology can bring to all of us on earth.
“With support from the UK government, these new multi-beam antennas will improve connectivity for all of us at home and to new technologies such as driverless cars, while helping create 150 high-quality jobs in the UK as we rebuild better.”
Steve Collar, CEO of SES: “At SES, we believe in doing the extraordinary in space to deliver amazing experiences on earth, and delivering amazing experiences requires innovation across the ecosystem. For this reason we are building our next generation system, O3b mPOWER, together with innovators such as Isotropic Systems.
“Isotropic’s multi-beam antenna plays an important role in our multi-path strategy and is an important prerequisite for advanced satellite services on land, in the air and at sea. Our investment reflects the potential we believe this breakthrough technology has for SES and the industry as a whole. “
Brian Schettler, Senior Managing Director of Boeing HorizonX Global Ventures: “Our continued investment in isotropic systems underscores our commitment to strengthening the global satellite ecosystem.
“The development of Isotropic’s unique RF optical technology will further accelerate the expansion of space connectivity to meet growing demands for satellite data, transportation and mobility connectivity, and broadband services.”
Orbital Ventures / Promus Ventures, Partner Gareth Keane: “At Promus Ventures we invest in early stage deep tech companies with exceptional teams and breakthrough ideas and technologies. Promus Ventures is excited to support Isotropic Systems in our environment-focused Orbital Ventures fund.
“Constellations and startup companies are already getting a lot of attention for their disruptive products and services and now key areas like ground segment connectivity are likely to attract the next wave of investment and this UK company is a leader.”