A space-centric startup called Quindar says it has successfully closed an oversubscribed $6 million funding round that will give a boost to its cloud-hosted, AI-supported software platform for satellite management.
The seed extension round was led by the Seattle-area venture capital firm Fuse, with continuing investment from Y Combinator and Funders Club. The round builds upon last year’s initial seed round and brings total funding to date to $8.5 million, Quindar CEO and co-founder Nate Hamet told GeekWire in an email.
“The infusion of funding will propel our mission to manage satellites as efficiently as servers by utilizing AI-driven insights and operations to revolutionize the industry’s approach to spacecraft management,” Quindar said today in an announcement about the investment round.
