K2 Space raised $110 million in Series B funding to ramp up mass production of its multi-orbit, high-power satellite platform.
The funding round was co-led by Lightspeed Venture Partners and Altimeter Capital and includes participation from existing investors Alpine Space Ventures, First Round Capital, and others.
Since its inception, K2 Space has raised $180 million in equity and won over $50M in government and commercial contracts.
K2 Space is developing a high-powered, low-cost satellite bus platform that delivers the capability of exquisite satellites at the price point and speed of small satellites.
“We’ve attracted huge interest from both commercial and national security customers, who tell us that the platform we’ve designed is unique, differentiated, and unlocks a multitude of pressing applications for their organizations. As we’ve been able to prove out our technology and price point, customers have expressed greater excitement – but also urgency – in what we’re building,” said Karan Kunjur, CEO at K2 Space.
The Series B is a vote of confidence from our investors, and importantly, allows us to more quickly address what is a critical gap in the market,” added Karan Kunjur.