Tukwila, Wash.-based Starfish Space today announced that it has raised $29 million to support the development of its first three Otter orbital servicing vehicles for missions serving the U.S. Space Force, NASA and Intelsat.
The investment round was led by Shield Capital, a San Francisco venture capital firm specializing in advanced technologies in fields ranging from space to cybersecurity and artificial intelligence. Other major participants in the round include new investors such as Point 72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures and TRAC VC, plus existing investors such as Munich Re Ventures, Toyota Ventures, NFX and Industrious Ventures.
Initial word of the funding round came in September, in a regulatory filing and a GeekWire report. At the time, Starfish declined to comment on the investment. Today, Starfish co-founder Austin Link hailed the fresh infusion of capital in a news release.
“This new round of funding is a pivotal moment in the journey of Starfish Space, as it will allow us to launch the first Otter satellites to orbit,” Link said. “These first Otters will change what is possible when it comes to operating satellites in space. We are excited to partner with an outstanding group of investors to make these missions happen, and proud of the growing support we’ve received from existing investors as part of this round.”
Starfish’s Otter spacecraft is designed to rendezvous with satellites in orbit to inspect them and link up with them, either for servicing or for safe disposal. The system makes use of several innovative technologies, including Starfish’s Cetacean and Cephalopod navigation and docking software systems and the Nautilus orbital capture mechanism.
