Tue. Oct 3rd, 2023
Open Cosmos Raises $50 Million in Funding

Open Cosmos, a UK-based space tech startup, has recently secured $50 million in fresh funding. The company, founded in 2015, had previously raised $7 million. Open Cosmos specializes in designing and launching satellites for data collection purposes.

Operating out of Harwell, United Kingdom, Open Cosmos utilizes small satellites to gather data on various issues, including climate change. By analyzing atmospheric conditions, monitoring polar ice caps, sea levels, and deforestation, among other things, the company aims to provide users with actionable data relating to the energy transition and natural resource monitoring.

Open Cosmos distinguishes itself from other space companies by not only offering satellite services but also focusing on the value of the data collected. The company recognizes the importance of transforming raw data into meaningful insights that can bring about practical solutions.

By securing this significant funding, Open Cosmos will be able to further expand its operations and continue making advancements in the field of space technology. The additional capital will enable the company to provide even more comprehensive and accurate data to its users.

As the demand for data-driven insights and innovations in satellite technology continues to grow, Open Cosmos is well-positioned to meet these needs. The company’s commitment to leveraging data to address pressing global challenges, such as climate change, makes it a leading player in the industry.

This recent funding round is a testament to the confidence investors have in Open Cosmos and its potential for long-term growth. With its continued dedication to harnessing the power of satellite data, Open Cosmos is poised to make a significant impact in the field of space technology.