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Wednesday, October 16, 2024

Seraphim chooses 11 startups for 14th house accelerator


TAMPA, Fla. — Seraphim Area introduced the 11 startups becoming a member of the 14th spherical of its networking and mentoring accelerator program, which it mentioned Oct. 7 has helped ventures increase greater than $540 million since 2018.

The cohort includes a various mixture of early-stage house companies spanning from satellite tv for pc broadband to orbital robotics — and, for the primary time, consists of ventures from Saudi Arabia, Chile, and Turkey.

The 13-week program, which Seraphim runs with its U.S. arm Era Area, kicked off Sept. 9 and is because of culminate with an investor showcase Dec. 5.

Title Description Location
Acquora Harnesses AI and quantum computing to offer satellite-enabled water administration options. Chile
Artemis Earth Creating satellite tv for pc know-how to observe biodiversity. United Kingdom
Constellation Applied sciences & Operations Designing a VLEO broadband constellation leveraging mobile spectrum. France
Flypix AI Earth imagery AI analytics developer. Germany
Forg3D 3D printed metallic specialist. United Kingdom
ManufactureAI Creating generative AI instruments to scale back the time and price of scaling {hardware} manufacturing. United States
Planetary Programs Area operations-focused AI and machine-learning software program developer. United States
Rovial Designing AI-enabled robotics for orbital meeting, restore and repair of house infrastructure.  France
SARsatX Creating a vertically built-in constellation of SAR and optical satellites. Saudi Arabia
Spacelis Photo voltaic cell know-how developer for house exploration. Turkey
Tiami Networks Designing 5G software-defined floor and house techniques. United States

“Area funding has remained sturdy regardless of a difficult funding atmosphere for the broader tech sector,” Seraphim Area Enterprise managing director Alexander Holt mentioned in a press release.

“Within the final 12 months, over $8.5 billion has been invested into space-related startups, in contrast with $5.1 billion over the identical interval a 12 months in the past.”

A complete of 109 corporations throughout 30 nations have participated within the firm’s bi-annual accelerator so far.

Jason Rainbow writes about satellite tv for pc telecom, house finance and industrial markets for SpaceNews. He has spent greater than a decade protecting the worldwide house business as a enterprise journalist. Beforehand, he was Group Editor-in-Chief for Finance Data…

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