Startup that builds maneuverable surveillance satellites raises $260 million in private investment capital
The startup True Anomaly has raised $260 million in private investment capital in order to fully develop its Jackal maneuverable satellite, designed to travel and inspect other orbiting satellites for the military.
The Colorado-based company announced April 30 that it closed a Series C round that combines equity and debt financing. Venture firm Accel led the round, with participation from Meritech Capital and several existing backers including Eclipse, Riot Ventures, Menlo Ventures, and Narya. Stifel Bank is providing the debt portion of the raise.
Only founded in 2022, True Anomaly has already flown two test missions of Jackel. With these new funds, it plans four more flights in the next year and a half.
There are already a number of other companies building maneuverable satellites. Most however are focused on providing tug services for commercial satellites or for finding and removing space junk. True Anomaly is instead targeting the military as its customer, which appears a smart move because no one else has, up to now.
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The startup True Anomaly has raised $260 million in private investment capital in order to fully develop its Jackal maneuverable satellite, designed to travel and inspect other orbiting satellites for the military.
The Colorado-based company announced April 30 that it closed a Series C round that combines equity and debt financing. Venture firm Accel led the round, with participation from Meritech Capital and several existing backers including Eclipse, Riot Ventures, Menlo Ventures, and Narya. Stifel Bank is providing the debt portion of the raise.
Only founded in 2022, True Anomaly has already flown two test missions of Jackel. With these new funds, it plans four more flights in the next year and a half.
There are already a number of other companies building maneuverable satellites. Most however are focused on providing tug services for commercial satellites or for finding and removing space junk. True Anomaly is instead targeting the military as its customer, which appears a smart move because no one else has, up to now.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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