Venture Capital
Traverse City, Michigan, 49684
ATLAS Space Operations, a global leader in cloud-based space communications solutions, today announced $26 million in Series B Funding led by Mitsui & Co., Ltd. The investment round reaffirms confidence in ATLAS’ Ground Software as a Service™ (G-SaaS) approach as a critical solution within the space economy.The funding round is a part of strategic initiatives for both Mitsui and ATLAS. For ATLAS, this investment accelerates its plan for international growth, as well as its Ground Software as a Service business model. This is ATLAS’ industry disruptive software (Freedom™) solution which integrates complex disparate networks for government and commercial clients across a federated network.For Mitsui, its investment in ATLAS further demonstrates the corporation’s commitment to its space portfolio. Mitsui has identified an area of focus for innovative companies that provide services to satellite operators. In 2018, Mitsui acquired a minority stake in BlackSky Global followed by an acquisition of Spaceflight, Inc, a U.S. satellite rideshare service provider, in 2020. The investment in ATLAS advances Mitsui’s position in the space industry as one of its new targeted growth areas.
Are you Northern Michigan Angels?
Claim this listing to receive new investment deal flow from this page.
Claim Listing
032523SBS
