AscendArc emerges from stealth to take on small GEO market
Summary
AscendArc emerged from stealth with $4 million in seed funding to enter the small geostationary satellite market. The company also secured a $1.8 million AFWERX Phase II STTR contract to develop high-bandwidth satellite communications technology for defense use. Founder Chris McLain said the company will target scalable, cost-effective GEO systems for military and commercial needs. The startup plans its first launch in 2027 and aims to compete with other small GEO players such as Astranis and Swissto12.
Funding
Amount
$4.0M
Total raised
Date
January 29, 2025
Announcement date
Investors
ViaSat, Portland Seed Fund
Lead investors
Company
ascendarc.com
Funded company
Classifications
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applications
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