Neuraspace Secures $18 Million Funding for Space Domain Awareness Expansion
Neuraspace has raised €15.6 million ($18 million) to enhance European space domain awareness and defense capabilities. The funding includes €6 million from a Series B round and €9.6 million from Portugal's Recovery and Resilience Plan.
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Neuraspace has secured €15.6 million ($18 million) to bolster its space domain awareness (SDA) initiatives. This funding consists of €6 million from a Series B round and €9.6 million from Portugal's Recovery and Resilience Plan, aimed at supporting the AI-powered NeuraspaceDEF platform for government and defense applications.
The company currently tracks over 600 satellites for clients like Spire Global and the European Space Agency, with revenue increasing by over 350% in the past year. The funds will also help integrate radar sensors with existing optical telescopes.
Neuraspace's focus on European-controlled capabilities is intended to reduce reliance on U.S. systems and enhance national sovereignty. The company has been selected for NATO's DIANA program and is set to announce further collaborations with a European defense ministry in September.
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