Quick Summary
Additional Context
Swiss satellite manufacturer SWISSto12 has closed a $70 million Series C round. This follows $84.8 million that the company received from ESA and ESA member states, and previous rounds that were around $22 and $30 million. SWISSto12 seems to have spent the money they have gotten wisely, saying that revenue grew to $140 million and that they have $500 million in back orders, with the company aiming to go profitable this year.
I’ve been more than a little bit obsessed with SWISSto12, which has parlayed 3D printing prowess in RF components into a role as a satellite builder. Then the firm grew into providing sovereign communications solutions for nations wishing to have their own capabilities. In a more fractious world where the US is withdrawing from allies, this seems like an excellent app