French space situational awareness (SSA) startup Aldoria has raised $10.9 million in a Series A funding round. The company, formerly known as Share My Space, currently operates a network of six optical telescopes to track objects in orbit. The funding will be used to expand the network to 12 telescopes by 2025 and enhance the systems for processing the data collected. Aldoria plans to invest in research and development for SSA and develop partnerships with organizations like the French aerospace research center ONERA. The company’s strongest demand comes from governments, including the European Union Space Surveillance and Tracking network. Aldoria also has several private customers, including Airbus, Thales Alenia Space, and Astroscale. The funding round was supported by growing interest in space sustainability in Europe, with the lead investor following sustainable investment regulations. Alongside the funding round, Aldoria also changed its name to better reflect its mission of protecting assets in space and orbital resources.
Aldoria: French Startup Raises $109M to Revolutionize SSA Solutions
![](https://funderlyst.com/wp-content/uploads/2023/09/Venture-Capital-Funding_-From-Pitch-to-Payoff.jpg)
Latest from Blog
![](https://funderlyst.com/wp-content/uploads/2023/09/Case-Study_-Airbnbs-Venture-Capital-Journey.jpg)
Unveiling the Secrets: $85M Investment in AI-Crypto Startup Sentient
TLDR: Sentient, an AI-crypto startup, raised $85 million in seed funding, attracting top VCs. The team behind Sentient, led by Sandeep Nailwal and distinguished engineers, impressed investors with their vision of building
![](https://funderlyst.com/wp-content/uploads/2023/09/Stages-of-VC-Funding_-Seed-to-Series-C-and-Beyond.jpg)
Saudi Arabia dominates MENA venture capital investments in first half
TLDR: Saudi Arabia topped MENA for venture capital investment in H1 2024 with about $412 million. E-commerce and retail sales ranked first among sectors in the Kingdom, contributing 52% of the total
![](https://funderlyst.com/wp-content/uploads/2023/09/Stages-of-VC-Funding_-Seed-to-Series-C-and-Beyond.jpg)
Chinese Start-ups Set for Global Success: VC Fund Chief Speaks
TLDR: 01VC, a Shanghai-based venture capital firm, plans to invest $2-3 million in 10 companies with global ambitions over the next two years. Low Chinese valuations and caution among global investors create
![](https://funderlyst.com/wp-content/uploads/2023/09/The-Rise-of-Crowdfunding.jpg)
Flagship Pioneering Secures $36B for 25 New Startups
TLDR: Flagship Pioneering plans to support the creation of 25 new startups in life sciences, sustainability, and artificial intelligence with $3.6 billion in capital. The company aims to lead the AI revolution
![](https://funderlyst.com/wp-content/uploads/2023/09/Navigating-Conflict-in-Venture-Capital.jpg)
Top 28 US AI Startups Raising $100M+ in 2024
TLDR: Key points from the article: TechCrunch is part of the Yahoo family of brands, which includes Yahoo and AOL. When using their sites and apps, Cookies are used for various purposes