Isotropic Systems Ltd., a next-generation integrated satellite terminal solution provider, has announced a $14 million series A round of funding led by Boeing HorizonX Ventures, with participation from WML, Space Angels and Space Capital.
Isotropic says its approach to next-generation integrated terminals creates “a profound change in terminal economics and performance to unlock the satellite industry’s full potential”.
John Finney, Founder and Chief Executive Officer of Isotropic Systems, said: “The Series A financing builds on an exceptional year for Isotropic which saw a rapidly-growing roster of strategic partners and customers who are poised to unlock the full potential of high-throughput satellites and mega-constellations across all orbits.
“Boeing’s investment provides our team access to Boeing experts, testing labs, and other valuable resources to fast-track the deployment of our terminal solutions and to leverage our intellectual property across other space-based and wireless connectivity applications.”
It says: “Leveraging a transformational optical beamforming technology to control the direction of radio waves, Isotropic Systems has developed communication terminal solutions that are significantly more cost-effective, use significantly less power and yet achieve superior performance benefits for the end users”.
It adds “the substantial reduction in cost and power, combined with improved performance, will result in newly-addressable markets and enable mass adoption of satellite communications”.
“Isotropic’s solution allows for increased capabilities at reduced costs for satellite service providers,” said Brian Schettler, Managing Director of Boeing HorizonX Ventures.
“This investment accelerates the expansion of space-based connectivity services to the mass market and continues Boeing’s leadership in space innovation.”
This new funding will allow Isotropic to accelerate the commercialisation of its technology to benefit its satellite operator customers and to leverage its technology to explore new applications in adjacent markets.