Netherlands-based company SPHERICAL has announced that it has secured additional funding in its pre-seed round. The exact amount of funding remains undisclosed, but when combined with grants and subsidies, SPHERICAL has secured a total of €1M.
SPHERICAL is a company that specializes in the design of dedicated semiconductors for electronic satellite subsystems. The company was founded in 2022 and aims to develop semiconductors that enhance the speed, efficiency, and performance of satellite systems.
The pre-seed investment in SPHERICAL was led by various sources, including Dutch proof-of-concept fund UNIIQ, Rabobank Innovation Loan, Graduate Entrepreneur Fund, and undisclosed business angels. These investors recognize the potential of SPHERICAL’s semiconductor design capabilities and their impact on the future of satellite technology.
SPHERICAL has benefited from its incubation at the European Space Agency BIC Noordwijk, which has provided valuable support and resources for the company’s development. The company’s focus on satellite electronic subsystems sets it apart in the semiconductor industry, as it aims to cater specifically to the unique requirements of the space sector.
With the fresh funding secured in its pre-seed round, SPHERICAL will be able to further advance its semiconductor design efforts. This investment will contribute to research, development, and the expansion of the company’s capabilities.
SPHERICAL’s dedication to improving satellite electronic subsystems through semiconductor design positions them as a key player in the future of space technology. With this latest funding, the company is poised to make significant strides in its mission to revolutionize satellite systems.