Space startup Quindar announced the successful completion of its $6,000,000 funding round. These investments will be directed towards the development of a cloud platform with artificial intelligence to manage satellites. The financing round, led by Seattle-based venture capital firm Fuse, also received investments from Y Combinator and Funders Club. Considering the first financing round last year, the total amount of funds collected was 8,500,000 dollars.
Founded in 2022, Quindar takes its name from the sound heard during radio broadcasts during the Apollo missions. Although headquartered in Denver, the company favors a remote work model with employees and offices located in Seattle, Los Angeles, San Francisco, Texas, and Washington, DC. Quindar CEO and co-founder Nate Hamet lives in Seattle.
Quindar’s statement regarding the investment round emphasizes that the funds will help the company implement effective management of satellites using artificial intelligence and open the usual approach to spacecraft management. Quindar describes itself as a space-oriented datadog that uses Amazon Web Services’ cloud infrastructure for its space mission management platform as a service. Additionally, Quindar software is optimized to work with different types of satellites and payloads.
Quindar’s achievements include its partnership with Norway’s Kongsberg Satellite Services (KSAT), one of the world’s leading providers of space communications services. KSAT plans to use the Quindar platform to manage its new satellite operations business. In addition to KSAT, Quindar’s commercial and government customers include startups launching their first satellites, companies expanding satellite networks, and businesses testing new concepts for the use of space technology.
Currently, the Quindar team consists of 10 people and the company continues to recruit engineers. Last August, Quindar was awarded a $1,200,000 contract under the U.S. Air Force’s AFWERX program for automated multi-role satellite operations. Additionally, the company was approved by the Colorado Department of Economic Development and International Trade’s Advanced Industry Accelerator program and received a $250,000 grant to accelerate the commercialization of its product.