Cognitive Space – the market leader in intelligent space automation – recently announced it has raised $4 million in seed+ funding during the second quarter of 2023. The funding round saw participation from esteemed venture capital firms York IE, Draper Associates, and Dolby Family Ventures – which reinforces Cognitive Space’s position as a trailblazer in the intelligent space automation sector.
This funding round will enable Cognitive Space to advance further its groundbreaking AI-powered Software-as-a-Service (SaaS) platform – designed to allow satellite constellations to to grow and scale. This funding round will play a pivotal role in accelerating Cognitive Space’s go-to-market strategy and expanding its presence in the rapidly evolving space industry.
The company’s AI-SaaS solution is set to play a major role in shaping the future of satellite management, making it more mission-critical than ever before. And the company’s technology is poised to empower satellite operators, space infrastructure firms, and government agencies to harness the space domain for their operational needs fully.
Space companies need a single scalable system to effectively manage their assets to maximize their capacity and fulfill the mission quickly – one that uses artificial intelligence to adapt to changing business objectives.
KEY QUOTES:
“We are thrilled to share the addition of three exceptional investors, York IE, Draper Associates, and Dolby Family Ventures, bringing our total fundraise to date to $10 million, and giving us the capital to be market leaders in intelligent space automation. These investors share our mission to propel the industry forward for the decades to come through the power of AI.”
— Guy de Carufel, Founder and CEO of Cognitive Space
“Cognitive Space has a tremendous market opportunity, and with their extensive aerospace expertise, they are primed to capitalize. York IE is excited to support the company and its mission to improve satellite operations through an AI-driven SaaS platform.”
— Kyle York, CEO of York IE
“Cognitive Space offers a comprehensive solution to constellation owners and operators, who rely on a critical operating platform for optimal utilization of on-orbit assets. Our investment in the company supports the ongoing activities of Dolby Family Ventures to support the growing space industry including in the areas of propulsion, compute, energy, and situational awareness/collision avoidance.”
— Andrew Krowne, Managing Director, Dolby Family Ventures
“As we build out the space industry, satellite management will become more and more mission-critical.”
— Tim Draper, Founder & MP, Draper Associates
