Akash Systems Raises $3.1 Million in Seed Round
Akash Systems announced it has raised $3.1 million and closed its seed round funding. Led by Khosla Ventures, the seed round also included Social Capital, Data Collective, Ruvento Ventures, Sriram Krishnan, and Backstage Capital. According to Akash, it will use the funding to spur development of its small satellites and the components that power them.
The company believes its patented Gallium Nitride (GaN)-on-Diamond science will enable smaller, lighter and higher performing satellites that will pave the way to lower launch costs, reduced cost-per-bit, more launch cycles, and increased communications access and throughput.
Phase one of Akash’s business approach includes GaN-on-Diamond Monolithic Microwave Integrated Circuit (MMIC) Power Amplifiers that it currently sells on the market. Akash now plans to move into phase two, working with satellite system makers to design CubeSat systems and their transmitters by 2019.