Ramon.Space Raised $26M to Take On-Orbit Computing to The Next Level
Ramon.Space, an Israeli startup that develops software-based computing systems for space, has raised $26 million in Series B funding. The round was led by Ingrasys and the United Arab Emirates’ Strategic Development Fund, and featured existing investors like top Israeli venture capital firm Grove Ventures. The new funding will be used to scale the company’s organization to meet market needs for their products, including systems for processing, storage and communication. The company’s CEO, Avi Shabtai, said that the demand for space-grade computing solutions is growing, driven by new business models and a goal to maintain agility of services in orbit. Ramon.Space’s technology is designed to be radiation-hardened and low-power, important considerations for space applications, and has been used in 50 space missions so far, including with NASA and the European Space Agency.
>> Click here to read the full article originally published in TechCrunch: Ramon.Space wants to take on-orbit computing infrastructure to the next level