UK-founded integrated satellite terminal solution provider Isotropic Systems has landed a $14 million funding round led by Boeing HorizonX Ventures, with participation from WML, Space Angels, and Space Capital.
The startup claims to have developed terminal solutions for satellite communications that are more power-efficient and cost-effective than what's currently being used. This was made possible by using “a transformational optical beamforming technology to control the direction of radio waves,” the company explained in a press release.
“Boeing’s investment provides our team access to Boeing experts, testing labs, and other valuable resources to fast-track the deployment of our terminal solutions and to leverage our intellectual property across other space-based and wireless connectivity applications,” said John Finney, founder and CEO of Isotropic Systems.
Isotropic Systems plans to use the capital to speed up commercialisation of its technology and look for possible applications for it on adjacent markets.