True Anomaly – Behind The Black

Startup that builds maneuverable surveillance satellites raises $260 million in private investment capital

May 1, 2025 9:27 am Robert Zimmerman

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.

Startup aims to provide Space Force a satellite that can study the satellites of other countries

April 11, 2023 10:01 am Robert Zimmerman

True Anomaly, a Colorado-based startup, has proposed building satellites for the Space Force designed to maneuver close to other satellites and provide high resolution imagery and data about them.

The company has already raised $30 million, and used it to hire 57 employees and a facility for manufacturing these satellites.

The startup plans to use the funding to scale the production of its Jackal Autonomous Orbital Vehicle, which was designed to study space objects at close range. The spacecraft collects photos, videos and data about any space objects in orbit, and it’s operated by humans with the assistance of artificial intelligence pilots.

Both China and Russia have flown a handful of satellites testing this exact technology. The U.S. has not, at least nothing comparable in recent years.

The real story here however is the manner in which the Space Force will do this. Instead of designing and building the satellites itself, which has been the policy of the military for decades, the Space Force is following the recommendations in my 2017 policy paper, Capitalism in Space, and becoming merely a customer, letting private companies do the work and own it themselves.