Total amount raised
$158 Millions
Latest funding date
12/01/2023
Location
True Anomaly has successfully raised $100 million over multiple funding rounds, with the latest being a Series B round on December 12, 2023. The company focuses on enhancing space security through its innovative hardware and software solutions.
Keep reading to explore the intricacies of True Anomaly's fundraising journey and the investors backing this forward-thinking platform.
What Is True Anomaly?
True Anomaly, founded on August 31, 2022, is located in Centennial, Colorado. The company was established by Even Rogers and Kyle Zakrzewski.
Specializing in space security, True Anomaly designs and builds solutions that integrate spacecraft, software, and AI. Their products include autonomous orbital vehicles and software platforms for space domain awareness.
With a team of 101-250 employees, True Anomaly aims to ensure a secure and sustainable space environment for the U.S., its allies, and commercial partners.
How Much Funding Has True Anomaly Raised?
- Series B
- Amount Raised: $100M
- Date: December 2023
- Lead Investors: Riot Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding will advance True Anomaly's mission to build spacecraft and software for space domain awareness, including the initiation of operations at a new facility and securing key permits for on-orbit demonstrations.
- Grant
- Amount Raised: $17.4M
- Date: September 2023
- Lead Investors: United States Space Force
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The grant was awarded to develop space domain awareness capabilities.
- Series A
- Amount Raised: $17M
- Date: April 2023
- Lead Investors: Eclipse Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to scale the company's operations and develop its autonomous orbital vehicles.
- Funding Round
- Amount Raised: $7.6M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was aimed at initial operational setup and early-stage development.
- Venture Round
- Amount Raised: $16M
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to support the company's early growth and product development.
True Anomaly has raised a total of $158M in funding. The current valuation is Not publicly disclosed.
Key Investors
- Riot Ventures
- Details: Riot Ventures is a seed and growth stage venture capital firm focused on the modernization of critical industries. They partner with founders at the earliest stages and invest amounts ranging from $1M to $100M+.
- Investment Focus Areas: Modernization of critical industries.
- Notable Investments: Not publicly disclosed.
- United States Space Force
- Details: The United States Space Force is a branch of the U.S. Armed Forces responsible for space operations. It focuses on organizing, training, and equipping space forces to protect U.S. and allied interests in space.
- Investment Focus Areas: Space operations, defense, technology.
- Notable Investments: Not publicly disclosed.
- Eclipse Ventures
- Details: Eclipse Ventures is a leading U.S. venture capital firm with over $4 billion in assets under management. They have a team with deep operating expertise in various sectors including technology, manufacturing, and defense.
- Investment Focus Areas: Efficiency, resilience, and profitability in physical industries such as technology, manufacturing, supply chain, logistics, healthcare, defense, and consumer products.
- Notable Investments: Not publicly disclosed.
- ACME Capital
- Details: ACME Capital is known for investing in transformative technology companies. They focus on early-stage investments and have a history of backing innovative startups.
- Investment Focus Areas: Technology, innovation, early-stage startups.
- Notable Investments: Not publicly disclosed.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that focuses on technology and healthcare investments. They have a long history of supporting companies from early stages to growth.
- Investment Focus Areas: Technology, healthcare, early-stage to growth-stage companies.
- Notable Investments: Not publicly disclosed.
What's Next for True Anomaly?
True Anomaly stands at the cusp of significant opportunities, driven by their mission to enhance space security. With $100 million in Series B funding, the company is poised to scale its operations, including the launch of its first two autonomous orbital vehicles in 2024. This expansion is bolstered by a $17.4 million contract from the U.S. Space Force, underscoring the growing demand for space domain awareness technologies.
Future fundraising prospects look promising as True Anomaly continues to demonstrate the effectiveness of its technologies. Successful launches and operational milestones could attract further investment, enabling the company to expand its capabilities and workforce. However, the path ahead is not without challenges. The company must navigate technical and regulatory hurdles while competing in a rapidly evolving space technology sector.
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