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Axelspace raises $22.8 million for remote-sensing constellation

07 December 2018

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Japanese startup Axelspace secured $22.8 million from investors to fund a constellation of specialised remote-sensing satellites.

Tokyo-based Axelspace raised the Series B funds from 31VENTURES – Global Brain – Growth I Joint Venture, with participation from the Innovation Network Corp. of Japan, SBI Investment Co., Dai-ichi Life Insurance Company, and the University of Tokyo's Innovation Platform.

Source: SpaceNews

Image credit: Axelspace - A video still - Axelspace is planning a constellation of 100-kilogram small satellites to image the Earth daily.