Cesium Astro Closes $60M Series B Round With Strategic L3Harris Investment
CesiumAstro closed a $60 million Series B funding round, co-led by Airbus Ventures and Forever Ventures. The round, announced Wednesday, brings CesiumAstro’s total funding raised to nearly $90 million.
The round also included strategic participation from L3Harris Technologies and returning investors Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO.
CesiumAstro offers active phased array technologies for satellite and drone communications, missile defense, and in-flight connectivity. Earlier this year, the company released an S-band inter-satellite link communications payload called the CommPack. Last year, CesiumAstro launched two satellites as an on-orbit testbed for its phased array technology.
With this latest financing, CesiumAstro plans to accelerate research and development, its rapid manufacturing capabilities, and expand facilities in the U.S. and abroad. The company also plans to deploy additional space assets this year.
“Incorporating CesiumAstro’s technologies will enhance our existing resilient space and communications solutions, while we collaborate with their agile technical team to help develop entirely new approaches that drive our next-generation innovations,” said says Christopher Kubasik, vice chair and CEO of L3Harris.