BridgeSat, a Denver-based startup that uses laser technology to quickly transmit large amounts of data into space, has received a healthy boost of funding from aerospace giant Boeing.
Officials from Boeing (NYSE: BA) on Monday, Sept. 10, announced that the company led a $10 million investment to scale BridgeSat’s global network of optical ground stations, calling the startup’s technology “the future of connectivity in space.” Boeing declined to disclose its specific investment in the Series B funding round.
“This partnership will help us lead the digital transition in satellites with technology that provides next-generation capabilities for our customers,” Brian Schettler, managing director of Boeing HorizonX Ventures, said in a statement.
In an interview with Denver Business Journal in April, Rick Sanford, BridgeSat’s vice president of strategy and business development, said there are no other “optical terminal networks” that exist today.
“We wanted to help seed the market and make small satellites be able to take advantage,” he said.
Read more at Denver Business Journal: https://bit.ly/2CL7bIX
