True Anomaly Raises $260M Series C to Advance Space Security | Colorado
Summary
True Anomaly, a Colorado-based tech company focused on driving innovation in space security, announced an oversubscribed Series C funding round totaling $260 million.Founded in 2022, True Anomaly works to develop autonomous defense solutions, such as the Jackal spacecraft, which features flexible and adaptable design for effectively countering threats. The company has already obtained multiple government contracts and opened a 90,000-square-foot manufacturing facility in Long Beach.Accel led True Anomalys latest funding raise, which saw participation from Meritech Capital along with multiple existing investors, including Eclipse, Riot Ventures, ACME Capital and Space VC, according to a news release. Stifel Bank is also providing debt capital.The funding will enable continued growth for True Anomaly, which plans to launch four missions in the next 18 months, while also introducing new product offerings and expanding its team to more than 250 employees.We are uniquely positioned to partner with the U.S. Government and its allies to place asymmetric, viable deterrence options into the hands of warfighters on record timelines. Were thrilled to partner with investors who share our vision and confidence in our modular, software-centric approach, and whose support accelerates our mission to deliver resilient, affordable space capabilities that keep our nation and its allies ahead of acute emerging challenges, True Anomaly CEO and Co-Founder Even Rogers said in a statement.