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EMXYS news release Series A funding round closed
by Staff Writers
Alicante, Spain (SPX) Nov 12, 2020

File illustration of a EMXYS cubesat design.

Emxys, a space technology company, has raised 2 million euro in funding. The round was led by Mundi Ventures with participation from CDTI.

Financing from the round will be used to develop the ODALISS project, an innovative platform for small satellites with laser communications. Emxys (Embedded Instruments and Systems), a Spanish company based in Alicante, has closed a 2 million euro funding round led by Mundi Ventures and with participation from CDTI. Vinca Capital served as financial advisor and Gesem served as legal advisor to Emxys in the transaction.

With these funds, Emxys wants to boost the ODALISS project, which focuses on the development of CubeSats, small satellite platforms, featuring satellite-to-ground optical communications.

The ODALISS project arises from the need to improve data processing capacity in small satellites. ODALISS' optical communication payload implements a two-way communication ground to satellite link with Infrared Laser.

It is based on an innovative and energy-efficient technology that seeks to replace traditional systems operating overcrowded radio frequency bands. Optical communications offer higher data transmission rates in small satellites and at a much lower cost.

Jose Antonio Carrasco, Emxys CEO, stated that "after this round of funding, Emxys is ready to become a leading producer of high-performance satellite platforms. The ODALISS nanosatellite platform, equipped with an innovative optical communications transceiver for Space-Earth links based on Emxys' proprietary technology, is a disruptive proposition in the New Space market, which is characterised by its high data throughput requirements".

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