Quindar, a Washington, DC-based startup that developed a mission management software-as-a-service platform that can handle operations of constellations of satellites, raised $2.5 million in seed funding

The investment was from Y Combinator, FCVC, Soma Capital, and Liquid 2 Ventures.

The funds will be used to make three new engineering hires. The Quindar team comes from OneWeb, where they built and operated the platform that controls the company’s 542 satellites in orbit.

Nate Hamet, co-founder and chief executive of Quindar, said the funding would allow the company to hire more engineers to support its key product, a software-as-a-service system that can handle most aspects of the design and operation of satellite constellations, saving companies the time and money they would ordinarily have to spend to develop their control systems.

Quindar’s software can support the design and testing of satellite constellations, as well as the operations of satellites once launched. That includes working with ground station providers to arrange communication passes and performing incident monitoring on satellites.

The company has focused on startups but is building its software to meet federal cybersecurity standards to be able to later also serve government users.

Company: Quindar Inc.

Raised: $2.5M

Round: Seed Round

Funding Month: January 2023

Lead Investors: Y Combinator, FCVC, Soma Capital, and Liquid 2 Ventures

Additional Investors:

Company Website: https://www.quindar.space/

Software Category: Satellite Mission Management

About the Company: Quindar provides a cloud-hosted, one-stop shop for spacecraft analysis, testing, and operations. Its SaaS platform automates mission management and for a single engineer to operate hundreds of satellites instead of the traditional model of many engineers operating a single satellite. It provides users with testing systems for satellites and satellite subsystems. Its features include spacecraft testing, integrating software applications, and security patches. 

Source: https://spacenews.com/quindar-raises-seeds-round-to-provide-mission-management-software-services/