Infostellar Closes Series B Funding Round With $10.36M
Japanese ground-segment-as-a-service (GSaaS) provider Infostellar closed its Series B financing round with $10.36 million in investment. The company announced Jan. 14 that it raised a $4.32 million expansion after closing the round in October 2021.
Existing shareholder Mitsubishi UFJ Capital increased investment, and the final close included new investors Pavilion Capital PTE. LTD. under Temasek Holdings; a Singaporean governmental investment company, ICMG Partners Co., Ltd.; and QB Capital LLC, and NCB Venture Capital Co., Ltd. The company has now raised $21 million to date.
Infostellar has targeted a number of areas to work on with this investment: expand to more than 20 ground stations for its StellarStation platform in early 2022; provide satellite operator clients with greater regulatory support; launch a ground station hosting service in Japan; start a U.S. corporation by the end of the year; and accelerate hiring for business development, software development, and operations.
“Infostellar is a futuristic platform that seamlessly connects the earth and space. Infostellar’s ground station platform StellarStation enables all ground stations in the world to be connected through a single platform which makes cloud-based ground station sharing possible. At ICMG, we believe the world will need to obtain more satellite data to solve various social issues on the earth,” said investor Gen Funahashi, CEO of ICMG Partners.