Defense and Space Manufacturing Startup True Anomaly Raises $100M

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Denver, CO-based True Anomaly has successfully raised $100 million in a funding round led by Riot Ventures, signaling continued interest in startups at the convergence of space and defense technology. Other participants in the funding round include Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures.

The new funds will be utilized to scale various aspects of True Anomaly’s business.

True Anomaly aims to address a crucial gap in space situational awareness and defensive operations using a combination of software and hardware. The company’s autonomous spacecraft, named Jackals, play a central role in this initiative. These spacecraft are equipped with sensors and cameras for tracking, surveillance, and data collection on space objects.

Complementing this hardware, True Anomaly has developed an integrated operating platform called Mosaic, designed to work in conjunction with on-orbit Jackals.

True Anomaly’s mission is to address the perceived “information asymmetry” between the U.S. and its adversaries in space. The company’s technology, including Jackal, Mosaic, and other space domain awareness solutions, is designed to close this gap.

Founded in 2022 by former Space Force members, True Anomaly has experienced rapid growth. In its first full year of operations, the company opened a 35,000-square foot facility in Centennial, Colorado, and expanded its workforce to over 100 employees. In September, True Anomaly secured a $17.4 million contract from the U.S. Space Force to develop space domain awareness capabilities. This includes assisting in locating and tracking objects in space, characterizing those objects, and using artificial intelligence to predict and identify changes in their behavior.

The first two Jackal spacecraft are scheduled to launch on SpaceX’s Transporter-10 rideshare mission in March. In August, True Anomaly received regulatory approval to perform non-Earth imaging and to demonstrate in-space rendezvous proximity operations with the two spacecraft. The success of these missions will be closely monitored by stakeholders in Silicon Valley and Washington.

True Anomaly’s latest funding round underscores the growing importance of space security technology and its potential to address critical challenges in space situational awareness and defense operations.

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