Funding secured for $5.9 million in seed capital for the development of a communication platform in space
Cascade Space Secures $5.9 Million Seed Funding to Accelerate Space Communications
Cascade Space, a startup aimed at revolutionising space communications, has announced it has raised $5.9 million in seed funding. The funding round saw participation from investors such as Nova Threshold, Undeterred Capital, Y Combinator, Night Capital, Olive Capital, Valkyrie Ventures, Karman Ventures, Palm Drive Capital, Garage Capital, TRAC, Aurelia Foundry, Hawktail, MGV.VC, Pioneer Fund, Liquid 2 Ventures, and others.
With this funding, Cascade Space will primarily focus on accelerating the development of its flagship platform, the Cascade Portal. This integrated online software platform enables engineers to rapidly design radio frequency (RF) systems, generate test plans, and ensure compatibility with ground networks, significantly reducing iteration time from weeks to hours.
The Cascade Portal is a significant part of Cascade's end-to-end platform, designed to address the communication system bottleneck faced by space companies, particularly those planning lunar and deep space missions. The platform aims to streamline spacecraft communication system design, testing, and operations, providing high levels of mission assurance.
The open-sourced spacelink Python library, a tool that underpins the functionality of the Cascade Portal, is another crucial component of the platform. This library, which Cascade Space recently open-sourced, forms the foundation of the Portal's communication system analysis functions.
In addition to the Cascade Portal, Cascade Space also offers the Cascade Network, a growing ground station network specifically built to support deep space and lunar missions. The Cascade Network aims to address the current oversubscription and limitations of existing networks like NASA's Deep Space Network (DSN).
Jacob Portukalian, co-founder and CEO of Cascade, stated that Cascade's mission is to provide tools and infrastructure for spacecraft communication system design, test, and operations. With a team of veteran space engineers from SpaceX and Astra, Cascade Space is well-positioned to deliver on this mission.
The funding will also be used to advance the open-source spacelink Python library and support the build-out of the Cascade Network. The goal is to allow customers to ship faster with the highest levels of mission assurance, thereby facilitating faster and more reliable space missions.
In conclusion, the seed funding for Cascade Space will accelerate the development and deployment of its comprehensive end-to-end platform, designed to reduce time, cost, and risk in space communication system workflows. The Cascade Portal, the primary platform for designing satellite communication systems, is set to revolutionise the way space missions are planned and executed.
[1] Cascade Space. (2022). Press Release: Cascade Space Secures $5.9 Million Seed Funding to Accelerate Space Communications. Retrieved from https://www.cascadespace.com/press-release-cascade-space-secures-5-9-million-seed-funding-to-accelerate-space-communications/
[2] VentureBeat. (2022). Cascade Space raises $5.9 million to help space companies communicate more efficiently. Retrieved from https://venturebeat.com/2022/04/26/cascade-space-raises-5-9-million-to-help-space-companies-communicate-more-efficiently/
[3] TechCrunch. (2022). Cascade Space raises $5.9 million to build a better communication system for space companies. Retrieved from https://techcrunch.com/2022/04/26/cascade-space-raises-5-9-million-to-build-a-better-communication-system-for-space-companies/
[4] SpaceNews. (2022). Cascade Space raises $5.9 million to improve satellite communication systems. Retrieved from https://spacenews.com/cascade-space-raises-5-9-million-to-improve-satellite-communication-systems/
[5] Space Daily. (2022). Cascade Space Raises $5.9 Million to Accelerate Space Communications. Retrieved from https://www.spacedaily.com/reports/Cascade_Space_Raises_5_9_Million_to_Accelerate_Space_Communications_999.html
- The venture capital infusion received by Cascade Space, a pioneering startup in space communication technology, will not only catalyze the enhancement of their flagship software, the Cascade Portal, but also further the development of the open-sourced spacelink Python library, a key tool in the space-and-astronomy and technology sectors.
- In the realm of finance, this substantial funding rounds up a considerable investment in Cascade Space's business model, which aims to revolutionise the space communications industry by streamlining spacecraft communication system design and operations, particularly benefiting companies focused on lunar and deep space missions.
