. 24/7 Space News .
Capella Space raises $60M to expand satellite imaging capacity
by Staff Writers
San Francisco CA (SPX) Jan 17, 2023

File image showing a Capella Space SAR imaging satellite concept.

Capella Space, a leading American satellite manufacturer and Earth observation company, has closed $60 million in growth equity financing from the U.S. Innovative Technology Fund ("USIT"). Capella will leverage this growth capital to expand its imaging capacity and develop new data products as customer demand grows for its frequent, timely and high-quality SAR imagery and analytics capabilities.

Based in the U.S., Capella is revolutionizing the way that critical industries across the public and private sectors collect and analyze Earth observation data to make informed and accurate decisions. Its synthetic aperture radar (SAR) satellites can penetrate all types of weather conditions - clouds, fog, smoke, rain - to capture clear imagery day and night, delivering accurate and timely data about what is happening anywhere on Earth at any given moment. Coming off the heels of the company's $97 million Series C financing in April, this follow-on round reflects the rapidly increasing demand for Capella's end-to-end radar-powered, high-quality SAR imagery and analytics services.

Access to reliable, 24-7, high-quality Earth observation data has never been more critical as the world today faces intense geopolitical, environmental and humanitarian challenges. This funding will enable Capella to build and launch its next-generation Acadia satellites, which the company manufactures entirely in the U.S. at its facilities in California and Colorado.

This new technology offers an enhanced design to deliver higher resolution and quality, increased imaging capacity and faster delivery capabilities for customers, many of which rely on Capella's data to inform mission-critical decisions. The company will also expand its automated, intelligent advanced analytics offerings within the Capella Console, the company's on-demand tasking platform, to continue delivering the highest quality, highest resolution SAR imagery with the fastest order-to-delivery time.

"Technological competitiveness is vital to our country's future," said Thomas Tull, Chairman of USIT. "Capella's cutting-edge SAR technology allows us to have accurate, real-time information about what is happening on our planet, enabling decision-makers to more quickly make critical decisions about pressing geopolitical challenges. This work that they are doing is essential to the world's future and I'm proud that we are able to support Capella and their mission to democratize and innovate space data."

This year has proven to be one of the company's strongest to date. Capella announced it has tripled revenue since 2021, with a twofold increase in imagery collected, and grown its headcount by more than 50% in 2022. Capella Space expects to grow even more in 2023 as the company doubles down on sales and marketing efforts and explores new business lines.

Capella also announced three new members of its executive team. Chad Cohen joins Capella Space as the new Chief Financial Officer (CFO) and Chief Operating Officer (COO) to guide future expansion and growth for Capella as well as oversee Capella's operations across the company. Cohen brings 25 years of experience, most recently as CFO of Adaptive Biotechnologies (NASDAQ: ADPT) where he led the company through its 2019 IPO, and prior to that he spent nearly 10 years at Zillow (NASDAQ: Z and ZG) where he also oversaw the company through its 2011 IPO. Capella also appointed Glen Elliott as the company's first-ever Chief Human Resources Officer (CHRO).

Elliott joins Capella after nearly nine years of consulting with some of the biggest names in tech, including Adobe, Tesla, 23andMe and more. Prior to consulting, Elliott held various management and leadership positions at companies such as Google and HP. Finally, Paul Stephen joins Capella as the new Chief Information and Security Officer (CISO) to lead the IT, network operations and security operations functions of Capella Space. Stephen brings nearly two decades of IT experience, having managed entire technology stacks at companies like Zillow, Impinj (NASDAQ: PI) and most recently, Avalara.

"Our customers are solving some of the world's toughest problems, from geopolitical conflicts to humanitarian crises, climate change, supply chain logistics, and more. They need high-quality, high-resolution Earth observation data to inform them of potentially life-saving decisions, and Capella Space is stepping up to ensure they have accurate, timely information," said Payam Banazadeh, CEO and founder of Capella Space.

"As we enter this next phase of growth, I'm excited to announce this follow-on round of funding from USIT, who understands our value to the world and will help us take Capella's work to the next level. Expanding our leadership team with Chad, Paul and Glen underscores our growth, and they will all play key roles in helping us accomplish these goals."

"Demand for reliable Earth observation data is at an all-time high, and Capella Space has proven it is leading the market with the highest-resolution, highest-quality SAR imagery commercially available. The company is at an important inflection point in its growth, and this capital will set Capella Space up well to expand into new markets," said Cohen. "I look forward to working with Payam and the rest of the Capella Space team to advance the company's goal of democratizing access to timely and accurate Earth observation data."

Related Links
SAR at Capella Space
Earth Observation News - Suppiliers, Technology and Application

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Monthly Supporter
$5+ Billed Monthly

paypal only
SpaceDaily Contributor
$5 Billed Once

credit card or paypal

Terran Orbital's GEOStare SV2 completes commercial imaging contract for Lockheed Martin
Boca Raton FL (SPX) Jan 10, 2023
Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, has announced its GEOStare SV2 spacecraft completed a commercial data services imagery contract for Lockheed Martin. Throughout the duration of the contract, Terran Orbital's operations team successfully demonstrated the ability to rapidly re-task the spacecraft to assemble a catalog of thousands of images to support an independent research project led by Lo ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Zero-Covid left in dust as Chinese revellers fuel travel boom

First steps towards the space station of the future

Ongoing ISS Operations, Soyuz Status Update

Russia to send capsule to rescue crew from ISS

Structural details of Long March 9 revealed

SEXBOMB being moved to Cornwall Space Port for hypersonic developments

Vulcan rocket one step closer to launch

Update on "Start Me Up" mission anomaly

Ingenuity completes the A-Z tour of the Wright Brothers Field at Jezero Crater

Use the Force, Percy!

Martian meteorite contains large diversity of organic compounds

Pausing to take in the view: Sols 3710-3711

China's space industry hits new heights

China's first private sector 2023 rocket launch up, up and away

First rocket launch of the New Year leaves Wenchang for space

Space contractors release China's launch plans for 2023

Amazonas Nexus at Cape Canaveral for final processing

Carrier rockets place four satellites into orbit

SES secures 300M Euro in financing from European Investment Bank

Vast Space becomes the newest member of "Space Beach"

Incorporation of water molecules into layered materials impacts ion storage capability

Microchip radiation-tolerant power management devices will target LEO applications

We need to learn to live with less steel

Unibap receives order from Thales Alenia Space

How do rocky planets really form

NASA's Webb confirms its first exoplanet

Distant star's dimming was likely a 'dusty' companion getting in the way, astronomers say

NASA wants you to help study planets around other stars

SwRI scientists find evidence for magnetic reconnection between Ganymede and Jupiter

SwRI delivers innovative instrument for NASA's Europa Clipper mission

PSI Io Input/Output observatory discovers large volcanic outburst on Jupiter's moon Io

Mix a space juice to celebrate ESA's Juice mission

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.