ATLAS Space Operations, a Traverse City, Michigan-based global leader in cloud-based space communications solutions, announced a $26 million Series B funding round.
The round was led by Mitsui & Co., Ltd., with Beringea also participating, as well as investments from foundational investors: Boomerang Catapult, Rise of the Rest, VCapital, Northern Michigan Angels, Harmonix, Wakestream, and Grand Ventures.
The round of funding reaffirms ATLAS' Ground Software as a ServiceTM (G-SaaS) approach as a critical solution within the space economy.
The funding round is part of Mitsui and ATLAS's strategic initiatives. This investment accelerates ATLAS' international expansion strategy as well as its Ground Software as a Service business model.
ATLAS' industry-changing software (FreedomTM) solution integrates complex, disparate networks for government and commercial clients across a federated network.
Company: ATLAS Space Operations, Inc.
Raised: $26.0M
Round: Series B
Funding Month: Aug 2022
Lead Investors: Mitsui & Co., Ltd.
Additional Investors: Beringea, Boomerang Catapult, Rise of the Rest, VCapital, Northern Michigan Angels, Harmonix, Wakestream, and Grand Ventures
Company Website: https://atlasground.com/
Software Category: Ground Software as a Service™ solutions
About the Company: Founded in 2015 by four individuals with extensive SatCom industry experience who were fed up with the legacy approach to satellite communications. ATLAS Space Operations is a leading provider of Ground Software as a Service™ solutions in the space communications industry. ATLAS has been recognized by the World Teleport Association to be one of the top three fastest-growing teleport operators in the world for the past two years, and was recognized as the 15th fastest-growing software company in the world in 2020 by Inc. 5000. ATLAS combines the Freedom™ Software Platform and its global antenna network to achieve its mission of connecting humanity through space.
Source: https://atlasground.com/2022/08/25/atlas-secures-26m-in-series-b-funding-led-by-mitsui/