Boeing HorizonX Ventures is leading a $10 million investment round to boost BridgeSat, a Denver-based satellite communications company that aims to use laser technology for ground-to-space data connectivity.
Founded in 2015, BridgeSat is developing a network of optical ground stations and proprietary space terminals for use with satellites in low Earth orbit and geostationary orbit. The technology enables secure, high-bandwidth data transmission between satellites, other spacecraft, drones and high-altitude aircraft.
In March, the company announced an agreement with NASA that could open the way for a commercial, laser-based communications system to be used on future space missions. The agreement calls for a ground station demonstration by the end of this year, with on-orbit testing to be completed by next May.
BridgeSat is also providing laser terminals and data services for ICEYE’s commercial satellite radar constellation.
In a news release issued today, Boeing and BridgeSat said the new round of investment will accelerate progress on the network of optical ground stations.