Science & Technology

Techstars grad Kepler Communications raises $5M to launch mini satellites by 2017 and double its team

Kepler Communications, a Techstars Seattle graduate constructing telecom infrastructure for area, simply secured $5 million in seed funding. New York enterprise capital agency IA Ventures led the spherical. The Toronto-based startup will use the funds to develop its team and launch two tiny satellites into area within the subsequent 15 months.

How tiny? They’re roughly the dimensions of a loaf of bread. The “CubeSats” are a part of Kepler’s technique to develop low-cost, replaceable satellites. They plan to swap out the spacecraft incessantly, permitting them to adapt to new applied sciences quicker than conventional satellites.

“Since our satellites are small they’re considerably cheaper and will be changed with newer expertise each two to three years,” stated Kepler CEO Mina Mitry. “In contrast to standard satellites that may function for eight years or extra with dated expertise.”

Kepler Communications took half within the Techstars Seattle startup incubator this 12 months. Techstars, together with Liquid 2 Ventures, Globalive Capital, BDC, and a number of angels, additionally participated within the seed spherical.

The startup’s CubeSats are designed to relay info, like asset monitoring, pictures, and climate predictions, in real-time.

“At the moment, space-borne knowledge will be hours delayed inflicting essential info to be missed,” stated Mitry. “There are industries that may’t depend on satellite tv for pc knowledge due to the latency.”

Kepler’s seed spherical was oversubscribed, and the startup has raised $5.5 million to date.

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