Isotropic Systems Raise $14 Million, Strategically Partners With Boeing

61
Isotropic Systems Raise $14 Million, Strategically Partners With Boeing

Startup Isotropic Systems which develops modular antenna systems for firms that deal with satellite communications has recently raised another round of funding comprising of $14 million from investor consortium which included Horizon X which is a venture investment arm of Boeing. Founder of Isotropic John Finney stated that his firm is collaborating with Boeing on varied strategic elements to share intellectual property and develop ventures to exploit its IP. This collaboration will give Isotropic Systems and Linthicum of Maryland access to expertise of Boeing’s knowledgebase, test labs and several other resources.

This information is necessary for the firm to duo to create user manuals for geostationary satellites and also large constellations of low orbit internet satellites. The Boeing HorizonX’s venture fund has invested in varied space startups like Accion Systems, BridgeSat, and Myriota that are all tech firms in the field of satellite design and communications. The Series A funding of isotropic was done by Waterlow Management Ltd, Investors Space Angels and Space Capital which is an institutional fund of Space Angels. When Isotropic was founded in 2013 its production list included not only antennas but also user terminals and all equipment that is required to maintain communication with satellites.

The user terminals of Isotropic use electronics to communicate with satellites which allows them to communicate with more than two space-crafts simultaneously. Isotropic’s CEO John Finney has stated that he considers Phasor, Satixfy and Kymeta as Isotropic’s closest competitors. The firm’s final products are still not ready but their over-the-air testing will be done this year with fleet operators like Inmarsat and SES. Their aeronautical terminals will be ready by 2022 and only then will be able to complete their mandatory regulatory certifications. Finney stated that it will keep its chipset development work limited to UK as there are better resources in UK like the U.K Space Agency.

SHARE
Christopher Madsen
Being good with numbers and having a Bachelors Degree in Business Administration, Christopher Madsen here works as the manager and lead for Business department. He has a significant experience of 6 years at Industry News Center. Apart from training a few interns, he also looks after the finance at Industry News Center. In his free time, Christopher will be seen chilling at home with couple of friends, watching his favorite series on Netflix.

LEAVE A REPLY

Please enter your comment!
Please enter your name here