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ATLAS Space Operations secures $15M in investment round led by NewSpace Capital
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ATLAS Space Operations secures $15M in investment round led by NewSpace Capital
by Clarence Oxford
Los Angeles CA (SPX) Sep 05, 2024

ATLAS Space Operations, a leading provider of ground station services for satellite communications, has successfully raised $15 million in its latest growth investment round.

ATLAS, known for its Ground Station as a Service (GaaS) and Ground Software as a Service (GSaaS) offerings, operates the largest U.S.-owned global federated ground network, which facilitates seamless data transmission and reception for spacecraft operators. Their services cater to a broad spectrum of missions across the commercial, civil, and defense sectors, providing secure, scalable, and real-time access to space-based data.

The ATLAS network consists of over 50 antennas spread across more than 34 ground stations, supporting LEO, MEO, and GEO orbits. This network is powered by the company's proprietary Freedom Software, which integrates complex and diverse antenna networks into a unified solution for both commercial and government clients.

Freedom software enhances spacecraft communication, enabling faster and more cost-effective operations for customers, whether managing single satellites or entire constellations. It offers a secure, centralized access point to the entire ATLAS network, with features such as rapid onboarding, automated communications, dynamic flex scheduling, and near real-time troubleshooting capabilities.

Since its founding in 2015, ATLAS has become an integral part of the global space ecosystem. The company maintains a 100 percent contract renewal rate with its customers, underscoring the critical role of its ground station services and the trust it has built within the industry.

The $15 million investment led by NewSpace Capital is poised to help ATLAS meet growing industry demand and manage its rapid expansion. This investment reflects strong confidence in ATLAS' GSaaS approach as a key solution for the space economy. NewSpace Capital brings extensive experience in the space sector, supported by a leadership team that includes seasoned industry professionals and renowned space scientists.

John Williams, CEO of ATLAS, expressed gratitude to the investors, stating, "We are thrilled to have NewSpace Capital's support. Their exceptional expertise in the space industry will strongly bolster ATLAS in executing and expanding in the U.S., as well as its international growth strategy in the European, Middle Eastern, and African (EMEA) markets."

Martin Halliwell, Partner at NewSpace Capital, who will join ATLAS's board, commented, "We look for companies that really change the playing field. ATLAS stood out to us because of the critical importance of what they do for the sector as a whole, the intelligence and industry that was plain to see in their team, and their ambition to grow. ATLAS solves the problem of fragmented ground communication in the space industry. They provide a smoother, more reliable, faster, and more cost-effective solution. We were confident that with our support, they will really flourish."

Existing investors, including Michigan Capital Network, Beringea, Wakestream Ventures, and Boomerang Catapult, along with new investors Michigan Rise and Red Cedar Ventures, also participated in the round. ATLAS received advisory support from GH Partners and Cooley LLP throughout the process.

ATLAS Space Operations, originally launched in California, relocated its headquarters to Traverse City, Michigan, in 2017 and maintains an office in Colorado Springs, Colorado. The leadership team collectively possesses over 130 years of commercial and government experience.

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