Innovative company - LeoLabs raises $29 million

LeoLabs, a company present in the Vintage Altaroc Odyssey 2021 and specialized in tracking objects in low-Earth orbit, has just finalized a new round of financing of $29 million, bringing the company's total funding to over $120 million.

With this new funding, LeoLabs plans to "further foster global integrations and interoperability between allied governments for space awareness and satellite operators for space knowledge" announced Dan Ceperley, the company's CEO and co-founder.

LeoLabs has already established a global network of ground-based radars tracking more than 20,000 objects in low-Earth orbit. The data collected by the radars is then processed by artificial intelligence. As a result, the company can detect maneuvers in orbit, categorize objects, characterize unknown objects and analyze behavioral patterns.

As Dan Ceperley explained when announcing this new round of funding, LeoLabs is "exploring new technologies" that could "offer more complete and continuous coverage of small orbital debris".

Participants in this new round of financing include Insight Partners Dolby Family Ventures, Velvet Sea Ventures and Space Capital.

To this day, Leolabs collaborates with government agencies to share its space domain expertise and real-time information on anomalous space activities. Commercial satellite operators also rely on LeoLabs for orbital data and safety alerts.

The company operates phased array radars in Alaska, Australia and the Azores archipelago, Portugal, New Zealand, Texas and Costa Rica. An additional radar is currently being installed in Argentina.