According to information obtained by News, ALL.SPACE, a worldwide communications provider, will announce the large financial infusion on Thursday as it moves closer to launching a new satellite terminal for business.
Participating were several other well-known investors, including as AE Ventures, Promus Ventures, and the listed fund Seraphim Space.
Utilizing unique technology, ALL.SPACE, which employs over 170 people, removes communication disruptions that may arise during intricate civilian and military activities.
“Advanced simultaneous multi-orbit, multi-network connectivity solutions designed to provide seamless, high-speed communications across air, land, sea, and space” is what the company claims to offer.
It states that the defence, aerospace, and government sectors are among the areas in which its applications are particularly significant since they “need reliable and resilient communication in remote or dynamic environments.”
Among its current backers are the Boeing HorizonX Ventures entity and the Future Fund of the UK government.
With the funding, the total amount invested in ALL.SPACE since its founding has reached $160 million (£120 million). In 2019, a $14 million (£10.5 million) Series A investment was raised.
