Dauria Aerospace has raised US$20 million series B investment from I2BF Global Ventures. The funds will be used for working capital to serve existing contracts, technology development and new satellite platforms.
Dauria Aerospace was founded in 2011, by experienced entrepreneurs and industry experts with backgrounds from NASA, RapidEye and the Russian space program, with the aim of developing low-cost infrastructure for rapid monitoring of ground assets and activity. It integrates low-cost satellite constellations with a unique cloud-based platform called CloudEO that provides an advanced framework and easy access to GEO-application developers. The production start of the first satellite is due this year with support from Roscosmos, the Russian Federal Space Agency.
Oaklins' team in Russia exclusively advised Dauria Aerospace on raising a US$20 million series B investment from I2BF Global Ventures.
© Oaklins, all rights reserved. Oaklins refers to Oaklins International Inc. and/or one of its member firms, each of which is a separate legal entity. Please see www.oaklins.com/legal for further details.