Spaceflux, a satellite tracking startup from London, has closed a £5.4m funding round as it works towards growing its global telescope network.
Founded in 2022, Spaceflux develops surveillance and tracking technology for satellites and in-orbit debris, most notably its AI-powered optical sensor system.
Originally launched to work with the UK Space Agency and the Ministry of Defence, providing insights to the government organisations on activity in geostationary orbit, the company is now positioning itself within the broader commercial space ecosystem.
The company believes as state-backed missions and commercial space actors face the growing issue of overcrowding – the UK Space Agency has estimated there are an estimated 140 million pieces of space debris in Earth’s orbit – the ability to accurately track and manoeuvre objects will be essential.
“As space becomes increasingly essential to our economy, environment and daily lives, it is also becoming more congested and contested,” said Marco Rocchetto, co-founder and chief executive of Spaceflux said.
“This investment strengthens our ability to protect satellite technology that delivers crucial insights to Earth around the clock, reducing collision risks, and supporting a safer, more sustainable space environment for future generations.”
The seed funding round was co-led by the Future Planet Capital managed UK Innovation and Sciences Seed Fund (UKI2S), Foresight Group and Blackfinch Ventures with additional participation from Seraphim Space.
“Spaceflux is taking on a vital role in safeguarding space assets we all rely on such as satellites, while delivering strategically important space awareness insights for commercial and national security needs,” said Foresight Group senior investment manager Rubina Singh.
“We’ve been impressed by the ambitious team, the AI-powered scalable platform, and rapid commercial growth since launching in 2022 and look forward to working together for years ahead.”
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