Quasar Satellite Technologies raises $6 million in funding
Summary
This follows closely behind the announcement of a $5.3 million Defence Innovation Hub contract.Martin Duursma, Partner, Main Sequence Ventures Quasars outstanding team is building the next generation of satellite communications technology which will place Australia firmly at the vanguard of the worlds space and communications industries. Helping Australias Defence industry gain the ultimate high ground doesnt hurt either.Quasar intends to use the funds to continue to fast-track its Defence contract, and maintain its pace developing more efficient and powerful phased arrays in multiple RF bands. The company is looking to grow its ground segment with arrays to serve the swelling numbers of satellites which all need to speak to earth. Our array roughly the size of a coffee table can replace up 35+ parabolic dishes and run them for a fraction of the cost. We are committed to growing a large Australian company serving the global space industry.
Funding
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