Urban Sky, a stratospheric platform company, announced it has closed a $30 million Series B investment round.
The funding will be used to develop and commercialize a connected suite of products that will unlock the full value of the tactical stratosphere for military and commercial customers.
The funding round was led by Altos Ventures, with participation from New Legacy Ventures, Lerer Hippeau, Catapult Ventures, Lavrock Ventures, New Stack Ventures, TenOneTen, DA Ventures (a Denver Angels Affiliate), Union Labs VC, and Techstars.
“Our team has already made huge strides to pioneer humanity’s routine and easy access to the stratosphere and the value locked within it,” said Andrew Antonio, CEO and co-founder of Urban Sky. “This new capital will allow us to accelerate the development of our technology and product portfolio to make an even greater impact on our customers’ missions.”