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Astranis unveils big plan for small internet satellites

Astranis satellite
An artist’s conception shows an Astranis satellite in geostationary orbit. (Astranis Illustration)

Astranis Space Technologies is taking the wraps off a plan to provide internet access to billions of people, using small-sized, low-cost satellites that are lofted into high-flying orbits.

The San Francisco-based venture emerged from stealth mode today and reported a $13.5 million Series A investment round, led by Andreessen Horowitz with additional participation by Y Combinator, Fifty Years, Refactor Capital and Indicator Fund.

The new investment brings Astranis’ total funding to $18 million. That may sound like a lot — until you consider that aerospace heavyweights such as SpaceX and OneWeb are spending billions of dollars pursuing the same goal.

The competition doesn’t faze Astranis CEO and co-founder John Gedmark, an aerospace engineer who previously served as executive director of the Commercial Spaceflight Federation.

Get the full story on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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