Seraphim backs Isotropic to unblock satellite comms bottleneck
United Kingdom company, which is based in Reading, is a developer of broadband terminal technology for satellite communications. Its flat antennas will be able to create a network by simultaneously connecting to many different satellites in different orbits.
Isotropic’s Series B funding round raised a total of $ 35 million. Other participants were AEI HorizonX, Promus Ventures and Firmament Ventures
More specifically, the $ 25 million investment was made by Seraphim Space Investment and this move represents its first significant investment since the IPO.
Earlier, Seraphim stressed that it expects satellite connectivity – from similar to OneWeb and SpaceX – to a 35-fold increase by 2027, fueling a $ 400 billion potential industry.
“Isotropic’s patented RF technology allows the high-performance multi-link terrestrial antenna to connect simultaneously to multiple satellites in multiple orbits without compromising the performance of each connection.”
“The possibility of cost-effective and flexible connectivity with all these satellites remains a major obstacle for the sector. With its low-power, modular, software-defined antennas, Isotropic seeks to address these issues with a special focus on mobility markets. By enabling aircraft, ships, trains, buses and even cars to take advantage of broadband satellite, Isotropic expects to play a key role in expanding the satellite communications market.
Isotropic will use the funding to speed up its production phase to support new satellites launched into GEO, HEO, MEO and LEO orbits from 2022 onwards, and expand its workforce by 40% over the past five months.
Isotropic is part of a portfolio of 19 companies acquired by Seraphim Space Investment Trust PLC, which completed its IPO in July 2021.
That raised 180 million pounds, which was a problem with rewriting, according to initial reports, which were confirmed by the company.
“Isotropic is a great example of why Seraphim Space is listed on the London Stock Exchange,” said James Brueger, Seraphim Space’s investment manager, about the latest investment. “We now have the financial firepower to double our biggest potential investments with our conviction. With its unprecedented ability to connect simultaneously with satellites in different constellations and different orbits, we believe that Isotropic has the technology to help unlock the huge potential growth in the satellite communications market. We are pleased to strengthen our support for this exciting business as it enters a critical phase of its development. “
“Since its release on July 14, Seraphim Space has already invested more than £ 20 million since its initial fundraising in its portfolio companies and has a number of other transactions expected to be completed in the near future.”