From Los Angeles Business Journal · Keerthi Vedantam · · 50s
Space Defense Firm Fortastra Raises $30 Million
Space defense startup Fortastra secures $30 million funding to build satellites guarding space assets.
In brief
Space defense startup Fortastra secures $30 million funding to build satellites guarding space assets. Space defense startup Fortastra raised $30 million in series A funding to develop satellites that protect space infrastructure. Originally reported by Los Angeles Business Journal.
Fortastra Raises $30 Million
Space defense startup Fortastra secured $30 million in series A funding led by First In.
Satellites for Space Defense
The company builds maneuverable spacecrafts to guard assets and provide intelligence on nearby activity.
First Satellites Launched
Fortastra launched Watchdog V0 satellites in early October and is building the second iteration.
Space Infrastructure Growth
Founder Michael Smayda says space infrastructure is increasing and becoming more contested.
“Most people will agree that we’ve got more infrastructure going to space versus less”
Partnership with Hadrian
Fortastra partners with Hadrian Automation to reduce satellite size and launch costs.
The bottom line
Space defense startup Fortastra raised $30 million in series A funding to develop satellites that protect space infrastructure.
