CesiumAstro, an Austin-based company developing advanced connectivity solutions for the space and defense sectors, announced a total of $470 million in growth capital to help it scale. The round consists of $270 million in equity funding led by Trousdale Ventures alongside $200 million in a financing package from EXIM Bank and J.P. Morgan.
“Our technology is moving from breakthrough to American Industrial backbone,” Shey Sabripour, CesiumAstro’s founder and CEO, said in a statement. “This funding lets us deliver resilient, AI-enabled communications to ‘connect, detect and defend’ at global scale — faster.”
The company’s hardware and software platforms integrate satellites, high-performance communications payloads and advanced computing systems. CesiumAstro’s latest funding comes as the company advances multiple government and commercial programs and expands its offering portfolio.
CesiumAstro’s latest capital injection will enable the construction of a new 270,000-square-foot headquarters facility. It will also help the company expand its manufacturing capacity and hasten the deployment of its AI-enabled space communications platforms globally. Alongside scaling production of its fully integrated LEO satellite Element, CesiumAstro will invest in growing its technical and program teams.
