A British space surveillance company which has won a series of government contracts will announce this week a fundraising of 5.4 million pounds sterling to extend its global network of advanced telescopes.
Sky News understands that SpaceFlux, which was founded three years ago, obtained the injection of capital into a round led by the United Kingdom Innovation & Science Seed Fund (UKI2S), which is managed by future Planet Capital, as well as Foresight Group and Blackfinch Ventures.
Seraphim Space, the specialized investor listed in space -related companies, also contributes to funding.
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Spaceflux uses artificial intelligence and optical sensors to follow satellites and debris on all orbits, with its day’s monitoring capacity, which means that it can extend the observation window beyond night operations.
Its supply of awareness -raising technologies of the spatial situation is in increasing demand in the middle of warnings that a week’s disturbance in satellite navigation could cause a blow of 7.6 billion pounds sterling for the British economy.
In a statement to Sky News, Marco Rocchetto, CEO and co-founder of Spaceflux, said: “While space is becoming more and more essential to our economy, our environment and our daily life, it also becomes more congestioned and disputed.
“This investment strengthens our capacity to protect satellite technology which offers crucial information to the land 24 hours a day, by reducing the risks of collision and by supporting a safer and more sustainable spatial environment for future generations”.
The evaluation to which the funding was undertaken was not clear on Thursday.
Spaceflux, which serves government and commercial customers, is the exclusive supplier to monitor geostationary satellites for the British Defense and Space Agency since 2023.
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Alex Leigh, director of investments in UKI2S, said: “This investment marks an important step in the convergence of defense and space, where double -use technologies are increasingly important for British capacities.
“Spaceflux technology offers critical information to help monitor and protect orbital assets – supporting both national security and wider commercial ecosystem.
“The company is well placed to evolve its impact and meet the needs of customers who sail in an increasingly complex space environment.”