The financing round was led by SES, with participation from the UK government’s Future Fund, Orbital/Promus Ventures, and existing investors such as Boeing HorizonX Global Ventures, Space Angels and Firmament Ventures.
Isotropic says its patented radio frequency optics technology enables the multi-beam antenna to simultaneously link with multiple satellites in multiple orbits, sans compromise in the performance of each link.
With the fresh cash in the bank, Isotropic says it plans to accelerate its production phase in time to support new constellations and satellites, launching in all satellite orbits from 2022 onwards.
The company will also open a 20,000 sq. ft. 'technology and testing facility' near the company headquarters in Reading, UK, and will see the company create an additional 150 engineering roles to the UK over the next two years.
"Isotropic Systems is extremely well positioned to unlock a new age of high-powered, multi-orbit connectivity with our next-gen multi-beam antenna," said John Finney, the company's founder and CEO.
"As one satellite constellation after another is announced for launch in future years, our technology is unique in that it allows service providers and end users to take the best of the many thousands of satellites going into orbit using a single integrated terminal, unlocking the demand for the satellite industry as a whole, radically changing the way bandwidth services are delivered to end-users and vastly exceeding the capability of any single satellite system," he added.