24/7 Space News
SPACE TRAVEL
LeoLabs secures $29M to expand space safety using AI-based solutions
The company will scale up delivery of insights to commercial and government operators by increasing investment in advanced end-user applications and partner integrations.
ADVERTISEMENT
     
LeoLabs secures $29M to expand space safety using AI-based solutions
by Clarence Oxford
Menlo Park CA (SPX) Feb 13, 2024

LeoLabs, a pioneering company recognized for compiling the most extensive commercial catalog of objects in low Earth orbit (LEO), has recently announced a significant financial milestone, securing an additional $29 million in funding. This infusion of capital marks a pivotal moment for the firm, enabling it to enhance its AI-powered insights crucial for space operations.

The company's innovative approach involves a global, proliferated radar network that ensures low latency and a high degree of visibility, tracking over 20,000 objects orbiting the Earth. Utilizing advanced artificial intelligence (AI) algorithms, LeoLabs transforms millions of measurements into vital insights for commercial and government space operators. This capability is essential for maintaining space safety, security, and sustainability, especially in an era where the number of satellites in low Earth orbit is experiencing unprecedented growth.

Dan Ceperley, CEO and Co-founder of LeoLabs, emphasized the importance of their AI-driven solutions in addressing the challenges posed by the increasing satellite population in LEO. "With the unprecedented growth of satellites in low Earth orbit, enhanced safety and security solutions are critical," Ceperley stated. The recent funding, led by GP Bullhound, will allow LeoLabs to further refine its data architecture and system software, bolstering its position as a key operational partner for the space sector.

The company's analytics and automation capabilities are not only keeping pace with the growth in LEO but are also setting the stage for the next generation of space traffic coordination. This initiative, under development by the U.S. Department of Commerce, aims to establish a foundational layer for safer space operations.

Per Roman, Managing Partner at GP Bullhound, highlighted the strategic importance of monitoring humanity's expansion into space. He pointed out LeoLabs' unique position in tracking complex space data and expressed concern over potential environmental challenges in space that could impact life on Earth. This investment aligns with GP Bullhound's focus on Environmental, Social, and Governance (ESG) themes, viewing LeoLabs as a crucial player in ensuring a sustainable and equitable management of space resources.

The funding round saw participation from new investors such as 1941 and Dolby Family Ventures, as well as continued support from existing backers including Insight Partners and Space Capital. This round was notably oversubscribed, reflecting the market's strong confidence in LeoLabs' technology and vision.

LeoLabs' recent successes in securing key engagements across the globe underscore its growing influence in the space industry. The company is poised to announce further victories in Space Domain Awareness, demonstrating its commitment to keeping space safe and secure. With this latest financial backing, LeoLabs is set to expand its global operations and capabilities, meeting the increasing demand for comprehensive space safety and sustainability solutions.

This funding milestone for LeoLabs signifies a crucial step forward in addressing the growing complexities of space operations, ensuring the continued safety and sustainability of activities in low Earth orbit. The company's advancements and the support from its investors underscore the critical role of innovative technology in managing the challenges and opportunities of the final frontier.

Related Links
LeoLabs
Space Tourism, Space Transport and Space Exploration News

Subscribe Free To Our Daily Newsletters

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
SPACE TRAVEL
MSBAI and Princeton partner in SpaceWERX contract to enhance space flight training
Los Angeles CA (SPX) Dec 21, 2023
MSBAI in collaboration with Princeton University, has been awarded a significant contract valued at $1.25 million from SpaceWERX. This Phase 2 contract, part of the Small Business Technology Transfer (STTR) X22.D cycle, aims to revolutionize the process of space flight mission training through the introduction of GURU, a highly autonomous system designed to streamline expert workflows in software. The importance of this initiative is underscored by U.S. Army General James H. Dickinson, Commander o ... read more

ADVERTISEMENT
ADVERTISEMENT
SPACE TRAVEL
LeoLabs secures $29M to expand space safety using AI-based solutions

Flawless Photonics to Test Groundbreaking In-Space Glass Fabrication on ISS

Russia launches supply rocket to ISS

Millennium Space Systems Partners with Voyager for Next-Gen uSTAR-250 Star Trackers

SPACE TRAVEL
Equatorial Launch Australia Partners with Equatorial Space Systems for Rocket Launches in 2024

Japan successfully launches next-gen H3 rocket

Second Private US Moon Probe launches on a Falcon 9 rocket

USSF-124 Mission: Successful Deployment of Security Satellites with SpaceX

SPACE TRAVEL
Fun Math and a New Butte: Sols 4096-4097

NASA seeks candidates for yearlong simulated Mars mission

Partial Cover Malfunction on Perseverance's SHERLOC Instrument Impacts Mars Research

Confirmation of ancient lake on Mars builds excitement for Perseverance rover's samples

SPACE TRAVEL
BIT advances microbiological research on Chinese Space Station

Shenzhou 18 and 19 crews undertake intensive training for next missions

Space Pioneer and LandSpace Lead China's Private Sector to New Heights in Space

Tianzhou 6 burns up safely reentering Earth

SPACE TRAVEL
Sidus Space Advances with LizzieSat Satellites LS-2 and LS-3 Production on Track

UK invests in pioneering Mars and Lunar science with new funding

Into the Starfield

Sidus ships LizzieSat to Vandenberg for upcoming SpaceX launch

SPACE TRAVEL
Japanese space debris inspection probe launched

TelePIX Launches TetraPLEX: The Next-Gen AI Processor Elevating Satellite Data Analysis

European satellite to crash back to Earth within week

Space Debris conference in Riyadh tackles growing issues

SPACE TRAVEL
Passing Stars Altered Orbital Changes in Earth, Other Planets

SETI Institute Utilizes Advanced Ellipsoid Technique in Quest for Extraterrestrial Signals

Scientists Unveil Free-Floating Planetary Giants in the Orion Nebula

UC Irvine-led team unravels mysteries of planet formation and evolution in distant solar system

SPACE TRAVEL
NASA invites public to dive into Juno's Spectacular Images of Io

Europa Clipper gears up with full instrument suite onboard

New images reveal what Neptune and Uranus really look like

Researchers reveal true colors of Neptune, Uranus

Subscribe Free To Our Daily Newsletters


ADVERTISEMENT



The content herein, unless otherwise known to be public domain, are Copyright 1995-2023 - 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.