TLDR:
- Eutelsat Group is investing in Seraphim Space’s second VC fund, SSV II, to foster innovation in the space sector.
- The partnership will focus on AI applications, in-orbit computing, and space-enabled communications.
Eutelsat Group has confirmed its participation in Seraphim Space’s second venture capital fund, SSV II. This investment aims to support dynamic start-ups in Seraphim’s portfolio and advance capabilities to meet the growing market demand for global connectivity, Earth observation, and advanced data services. The partnership will focus on applying Artificial Intelligence (AI) to space data, in-orbit computing, and space-enabled communications. Eutelsat Group’s Chief Innovation Officer, Guillaume Scottez, expressed enthusiasm about the collaboration with Seraphim Space, a leading player in space technology investment. This investment reflects Eutelsat Group’s commitment to innovation and supporting emerging technologies that will revolutionize the space industry. The CEO of Seraphim Space, Mark Baggett, highlighted the excitement to strengthen industry and corporate backing with Eutelsat Group, aiming to support pioneering space companies and drive significant advancements in the space sector.
