True Anomaly Raises a $100M Series B Funding Round

True Anomaly opens the GravityWorks factory in Centennial, Colorado, on Aug. 17. Photo: True Anomaly

True Anomaly raised a $100 million Series B funding round, the company announced Tuesday. The company builds spacecraft and software to address space domain awareness, and said this funding will advance that mission. 

Riot Ventures led the round with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures.

True Anomaly emerged from stealth in August with $30 million in financing. The company has also opened a spacecraft manufacturing facility in Denver, Colorado, and doubled its staff from 50 to more than 100 employees. True Anomaly recently completed the build, assembly, and integration of its first two “Jackal” autonomous orbital vehicles (AOVs), which are set to launch aboard SpaceX’s Transporter-10 mission in 2024.

“Space is the newest and most vulnerable theater of contemporary global competition, but the U.S. and its allies are ill-equipped for a conflict that begins in or extends into space,” said Even Rogers, True Anomaly CEO and co-founder. “True Anomaly is solving this by building the technologies for a more secure, stable, sustainable, and transparent space environment.”