EnduroSat secures $104M to expand production of advanced small satellites

Sofia-based EnduroSat has closed a $104 million funding
round. Riot Ventures, Google Ventures, Lux Capital, the European Innovation
Council Fund, and Shrug Capital participated as the company advances its
mission to streamline access to space data.

EnduroSat is an aerospace company dedicated to making space
more accessible. The team designs, builds, and operates advanced small
satellites and satellite modules, enabling organisations to deploy and manage
space missions more efficiently.

The funding coincides with the official opening of
EnduroSat’s state-of-the-art Space Center in Sofia, addressing accelerating
global demand for small- to mid-sized satellite constellations.

The new 188,340-square-foot facility gives EnduroSat the
capability to manufacture up to two 200-500kg satellites daily and features
advanced RF labs, hardware and mechanical labs, ISO-classified clean rooms, and
comprehensive space qualification facilities, delivering speed, reliability,
and cost efficiency in satellite manufacturing.

Raycho Raychev, EnduroSat CEO and founder, said:

This latest investment, combined with the launch of our new
Space Center, marks a pivotal moment. It not only validates our strong market
traction but significantly accelerates our ability to deliver highly capable,
cost-effective satellite constellations at an unprecedented scale, moving us
closer to a future where space data will become universally accessible and
instantly available.

The new funding will enable EnduroSat to scale its
production capacity for advanced constellation customers, accelerating
time-to-orbit by supporting the manufacturing of up to two ESPA-class
satellites per day.