Thu. May 23rd, 2024

Seraphim picks nine startups for latest space accelerator program

Tyler Mitchell By Tyler Mitchell May20,2024

TAMPA, Fla. — Seraphim Space announced May 15 the startups joining its 13th accelerator program, a three-month course designed to provide the networking and mentoring support they need to be investment-ready.

The nine early-stage companies from the United Kingdom, United States, Italy and India are developing businesses across propulsion, cybersecurity, space situational awareness, geospatial insights and in-orbit biotechnology manufacturing.

NameDescriptionLocationAADYAH AerospaceSatellite and launch subsystems developerIndiaArkysisOn-orbit robotic technology providerUnited StatesCarbonLacesEnergy and climate analytics software firmUnited KingdomFour ResolutionsGeospatial calibration services providerUnited StatesFrontier SpaceModular space laboratory developerUnited KingdomSaferPlacesFlood intelligence specialistItalySpacefluxSpace traffic management solutions providerUnited KingdomUnnamed company in stealth modeDeveloping cybersecurity solutions for satellite networksUnited StatesViridian SpacePropulsion technology providerUnited SpaceThe nine early-stage ventures taking part in Seraphim Space’s 13th accelerator program

U.K.-based Seraphim, which runs the bi-annual accelerator with its U.S. arm Generation Space, said around 95 ventures have collectively raised more than $345 million in investment after participating in one of its previous 12 programs.

Californian startup Xona Space Systems, which is developing a satellite-based navigation service and joined Seraphim’s third accelerator program in 2019, announced earlier this month it has raised $19 million in a Series A funding round.

Roughly 85% of companies get an investment within 12 months of completing the accelerator and 93% of them have secured funding to date, according to Seraphim, raising $4 million on average.

Seraphim said some of the nine companies in its latest accelerator will also be able to apply for a $100 million fund the early-stage investor announced last month after completing the program.

This article was updated May 16 with the correct length of Seraphim’s accelerator program

Jason Rainbow writes about satellite telecom, space finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information…
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Tyler Mitchell

By Tyler Mitchell

Tyler is a renowned journalist with years of experience covering a wide range of topics including politics, entertainment, and technology. His insightful analysis and compelling storytelling have made him a trusted source for breaking news and expert commentary.

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One thought on “Seraphim picks nine startups for latest space accelerator program”
  1. Which of these startups is focusing on cybersecurity solutions for satellite networks in the space accelerator program?

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