Space is the exciting new frontier for VC investors, and now Atomos Space, a Denver-based aerospace company, is one of the latest space tech companies to secure funding.
The company recently raised $16.2 million for the upcoming demonstration of its propulsion and docking capabilities, the company said in a LinkedIn post.
“We are thrilled to announce that we have successfully closed our Series A, securing significant investment from a group of talented and experienced investors,” Atomos said via LinkedIn. “Leveraging the significant on-orbit experience our team has in propulsion and rendezvous systems, we couldn’t be more thrilled to see flight procurements arriving [at] our facility as we prepare for our first mission.”
Founded in 2018, Atomos develops propulsion transport vehicles that attach themselves to satellites or other space vehicles to maneuver or reposition them. The technology can help dock ships to space stations, reposition satellites or launch satellites into space.
According to TechCrunch, Cantos Ventures and the Yamauchi No. 10 Family Office co-led the Series A round. Techstars also participated in the round.
With the capital, Atomos will also double its headcount, according to TechCrunch. The company is currently hiring three engineers.
Atomos’ latest raise follows a trend in the aerospace industry. Last last year, the space tech community had a slight resurgence with several companies securing funding or completing acquisitions.
In December, Colorado-based Maxar Technologies was acquired for $6.4 billion. The company has a significant global presence and employs some 4,400 employees. Before the acquisition, Maxar had secured a $142 million contract with NASA.
Across the country, another aerospace company secured funding from NASA. ICON, an Austin-based company that develops 3D printing technology, landed a $57.2 million contract with NASA to develop technology to build structures on the moon.
