- Ramon.Space — a leader in space computing solutions — announced it has raised $17.5 million in Series A funding. These are the details.
Ramon.Space — a leader in space computing solutions — announced it has raised $17.5 million in Series A funding. This round of funding includes StageOne Ventures, Deep Insight, WorldQuant Ventures, UMC Capital and existing investor Grove Ventures. And the funding will be used to continue development of the company’s computing solutions, support its rapidly expanding US and Israel operations, and expand the team globally.
Ramon.Space is building space resilient super-computing systems that revolutionize the way software is written, applied, and processed in space. The use of software in space has been limited since the hardware needed to support it could not function in such harsh conditions.
Ramon.Space is aiming to transform the way software and hardware are used in space so applications can be developed, updated and adapted in real-time while creating new possibilities for space satellite payloads and deep space missions. And the company’s computing and storage platform utilizes Manycore ML/AI/DSP processing technology to power next generation earth observation, communications and data processing applications, bringing them to levels of advancement that could not be achieved before.
KEY QUOTES:
“We’re delighted to have such strong investors with us on this path to lead the digital transformation of space. With our ground-breaking technology, designed for earth-like computing at earth-like costs, we play a major role in the space revolution as the market leader in SW defined computing, networking and communication payloads.”
— Avi Shabtai, Ramon.Space CEO
“Since our first seed investment, Ramon.Space’s growth has made monumental headway in the space ecosystem. Within our lifetime, we’ll experience the impact and extraordinary benefits of human technological advances in space. Ramon.Space is at the forefront of these unique innovations.”
— Dov Moran, Ramon.Space’s Chairman of the Board and Managing Partner at Grove Ventures
“We are proud to lead Ramon’s A round and be part of this exciting new space journey. We are confident in the Ramon.Space team, its technology and its ability to lead advanced computing in space in the years to come.”
— Yossi Vinitski, Partner at StageOne Ventures, who leads StageOne late-stage program
“Ramon.Space technology will play a disruptive and revolutionary role in solving some of the key challenges in this industry. Their innovation has helped accelerate new space intelligent systems and data processing within a $350 billion space industry expected to grow to more than $1 trillion.”
— Barak Ben-Eliezer, Managing Partner at Deep Insight
“The space industry is in a transition phase due to the enablement of low-cost mass deployments, yet existing technology is decades behind earth-based solutions. Ramon.Space’s software defined smart computing systems will bring solutions into the current and future decades and we are proud to be part of this great journey ahead.”
— Kris Peng, President UMC Capital
“We believe the computing segment is one of the most exciting sectors in the space economy. Ramon.Space’s cutting-edge advancements within space machine learning and software will impact our lives in unimaginable ways.”
— Steven Lau, Managing Director at WorldQuant Ventures
