Kleos Space, a space-powered Radio Frequency Reconnaissance data-as-a-service company, has secured $12.6m million from "new and existing institutional and sophisticated investors."
Proceeds from the placement will fund the launch of future satellite clusters and to scale up Kleos’ data-as-a-service offering.
The placement includes a cornerstone investment of $5m from Perennial Value Management.
“I am extremely pleased to welcome high-calibre institutional investors Perennial Value Management and Thornyey Group and the strong support we have received from new and current investors validates Kleos’ significant technical and commercial progress that is accelerating rapidly," Kleos CEO Andy Bowyer said.
Kleos also provided an update on its three satellite clusters:
- Cluster 1; Scouting Mission (KSM1); the four satellites are operating and collecting data with the evaluation data being delivered to customers.
- Cluster 2; Vigilance Mission (KSF1); the four satellites are in orbit commissioning and are designed to deliver twice the data collect capacity of scouting satellites.
- Cluster 3; Patrol Mission (KSF2); the four satellites are in build for upcoming launch with SpaceX targeted for December, with twice the payload capability of Scouting & Vigilance satellites.