Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
by Staff Writers
Washington (RIA Novosti) Jul 18, 2013
Russian investor and Internet entrepreneur Dmitry Grishin has invested $300,000 in a new company manufacturing innovative research satellites for use by private individuals, the technology news website The Verge said.
California-based NanoSatisfi will launch its first "cube satellite," described as "a small, standardized vessel that can be modified with off-the-shelf parts and improved on by a community of open source builders" August 4.
The satellite will be available to rent for personal research for $250 a week, The Verge reported Thursday.
NanoSatisfi raised an initial $106,330 in capital via the popular crowd funding website "Kickstarter."
The success of the appeal attracted a further $1.2 million in seed funding, with Grishin's $300,000 being the latest investment, according to The Verge.
Grishin, is the co-founder and chairman of the Mail.Ru Group, described on the company website as "the largest Internet company in the Russian-speaking world." He is also the sole investor in Grishin Robotics, a $25 million fund dedicated to supporting personal robotics globally.
Source: RIA Novosti
Microsat News and Nanosat News at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|