Techstars have got stars in their eyes, and it doubles down on investment programs as space on the brain aims to boldly enable the commercial space industry where it has never been before.
After taking astronauts to the International Space Station last weekend of SpaceX’s historic mission, the space industry feels newly-enthused and its potential is large for early-stage investors.
“I believe the commercial market is emerging,” said Techstar Starburst Space Program managing director Matt Kozlov. “Last weekend’s flight was a very important milestone. We had commercial flights to orbit satellites for years. And I found many startups launching satellites in the next year or two. “
For Kozlov and others, the combination of funneling US government dollars into commercial events creates an incredible opportunity that investors can tap into. “The fact is that the US government is particularly reliant on commercial companies that were usually carried out by the military [and that] Kozlov said that the amount of money they are raising, turning them into startups to mature, is a clear indicator.
Kozlov said the Air Force has been a major benefactor to early-stage space companies, particularly through small business innovation research grants and initial contracts to suppliers. “NASA has been a little slow to work with startups,” he said. “They will work with very large companies like SpaceX because they have low risk tolerance. But I see that start changing. And I think our program is part of that initial change … we’re looking at NASA looking at external contracts for innovation. “
Exactly one year after launching its initial cohort, the Techstars Starburst portfolio succeeded in achieving some successes, including a $ 3 million round for OrbitFab; Profile enhancement for Morpheus space and its modular, scalable satellite propulsion technology; And an adjacent satellite launch for Pixxel.
Building on that success, Techstars has actually developed a second-place accelerator program for partners across the pond.
The Techstar Allied Space Accelerator is a virtual program that combines with the US Air Force, the Netherlands Ministry of Defense, the Norwegian Ministry of Defense, and the Norwegian Space Agency.
According to a statement from Techstars, the virtual program also focuses on next-generation space technology, with companies working on geospatial analytics, satellite servicing, space situational awareness, resilient communication, machine learning and other verticals.
This is a congratulations to the current Starburst program, whose latest partners include:
- Fortunate: A company that develops a technology to develop machine learning applications ten times faster by allowing machine developers to generate label datasets.
- Holos: An extended reality software development platform to easily create immersive experiences
- Infinite Composite Technology: Manufacturer of composite pressure vessels and structures
- Lux Semiconductor: A developer of system-on-foil flexible electronic circuits
- Natural Intelligence System: A developer of machine learning systems that streamlines data generation
- Prewitt Ridge: A provider of engineering enhancement software to help engineers design complex systems
- SATIM Inc: Provider of risk analysis software and services related to critical infrastructure
- Urban sky: Manufacturer of a proprietary remote sensing vehicle called MicroBlone
- vRotors: Providing telerobotics technology to the public, the company enables drones from remote control or personal computers or headsets of the robots of any partner company.
- WeavAir: Developed a technique for monitoring air pollution, air quality and mechanical system failure
Techstars Affiliate Space Accelerator:
- AlphaBBL: A monitoring and analysis tool for oil storage facilities that captures data taken from space and creates forecasting tools to interpret that data.
- AnsuR: This company describes as high-precision, mission-critical visual communication distribution technology
- Arway: A global location platform that uses augmented reality
- Cognitive space: Company providing autonomous satellite operation technology
- Ellipsis Earth Intelligence: Providing customized access to geo-intelligence
- Hosta Labs: Uses machine learning to provide structural assessment of physical locations
- Kahn space: Developer of a hosted flight dynamics and mission analysis platform for space situational awareness.
- Saltcloud, PBC: The company makes automation technology for cyber security operations
- Space Products & Innovation GmbH: A developer of plug and play technology to streamline satellite manufacturing
- Vake: A provider of machine learning for satellite imagery to identify all ocean vessels