"handles a huge variety of consequential space missions for our government"
"Yes, this is happening faster than we thought - you know, two fundraises in the same year and large sums of capital,"
"We get customers coming to us all the time requiring a ground solution, wanting us to help think through a ground problem with them, and we don't want there to be a resource constraint that blocks us from being able to support that"
Northwood Space develops modern, efficient ground-based communications infrastructure to handle growing satellite traffic. The company closed a $100 million Series B led by Washington Harbour Partners and co-led by Andreessen Horowitz. Northwood secured a $49.8 million contract with the United States Space Force to upgrade the satellite control network that handles a variety of consequential space missions, including tracking and controlling GPS satellites. The company previously raised $30 million in a Series A less than a year earlier. The new capital and contract will accelerate production capacity, enable faster scaling to meet customer demand, and prevent resource constraints as client requests for ground solutions increase.
Read at TechCrunch
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