TLDR:
- Eutelsat Group invests in Seraphim Space’s second VC fund
- Eutelsat Group and Seraphim will support the development of advanced capabilities for global connectivity, Earth observation, and advanced data services.
Eutelsat Group has confirmed its participation in Seraphim Space’s second venture capital fund, SSV II, to foster technological innovation in the space sector. This investment aims to support dynamic start-ups in Seraphim’s portfolio, advancing capabilities for global connectivity, Earth observation, and advanced data services.
SSV II will focus on applying Artificial Intelligence (AI) to space data, in-orbit computing, and space-enabled communications. This partnership underscores Eutelsat Group’s commitment to innovation and supporting emerging technologies in the space industry.
Eutelsat Group’s Chief Innovation Officer expressed excitement about working with Seraphim Space and its portfolio of start-ups to shape the future of satellite communications and space services. Both companies are eager to collaborate and drive advancements in the space domain and beyond.
CEO of Seraphim Space, Mark Boggett, emphasized the strength of the partnership with Eutelsat Group, a leader in satellite communications. He highlighted their shared goal of supporting pioneering space companies and driving significant advancements in the sector, positioning them well to foster innovation in satellite infrastructure and services.
Tags: Earth Observation, Eutelsat Group, global connectivity, Seraphim Space
