Star Catcher, a pioneer in space-based energy generation, is out of stealth! Congratulations to the team on successfully closing a $12.25M Seed Round. B Capital Chair and General Partner Howard Morgan Morgan has been a longtime investor in the space sector, and according to him, “Star Catcher is developing as one of the most potentially transformational technologies in the dynamic and continuously evolving space technology sector. Satellite launch costs continue to fall, and power needs are accelerating with onboard processing. At the same time, energy demand is vastly outstripping the supply that current solar panels and batteries provide. Star Catcher’s founders are drawing from their extensive industry experience to tackle this opportunity with a unique approach. At B Capital, we support pioneering founders and companies shaping our future through technology and are confident Star Catcher has the vision, roadmap, and team to build the core infrastructure that will power and reshape the future space economy.” Read more here about how Star Catcher plans to validate and test its technology here: https://lnkd.in/gRHhFJWt" #VentureCapital #Space #Technology CC: Howard Morgan, Patrick Harmon Lopez, Abhiram Kumar
We are thrilled to announce the public launch of Star Catcher and the close of our $12.25M Seed Round! Our mission is to eliminate the constraints of power generation on space. To do this, we are building the Star Catcher Network, the world's first power grid in space, for space. Led by our founders Andrew Rush, Michael Snyder, and Bryan Lyandvert, Star Catcher offers: Power to Do More - The Star Catcher Network will beam power from our own satellites to customer satellites, constellations, orbital data centers, and space stations to give them more power and high concentrations of power to enable them to increase capability, uptime, mission life, and more. No Retrofit Required - Power is provided to the client's existing solar arrays in the form of light from the portion of the spectrum that solar arrays are highly efficient at converting to electricity. No custom receiver is required meaning satellites flying or in final design today are compatible with the Star Catcher Network! Enhancing Satellite Power - The Star Catcher Network can provide the power you need in LEO when and where you need it. From a few hundred Watts to dozens of kilowatts and at concentrations varying from 1 Sun of flux to 10 Suns of flux, enabling your existing solar panels to generate up to 10 times the power they make without the Star Catcher Network. Shift CapEx to OpEx and Save Overall - Using the Star Catcher Network enables you to deliver missions with five or ten times more demanding power budgets without having to buy a satellite bus that is five to ten times more expensive. Our pay-as-you-go pricing lets you operate at much higher power levels with more cost effective spacecraft. We are grateful to our talented and experienced investors, especially our co leads Initialized Capital and B Capital ! In particular, thank you Howard Morgan, Brett Gibson, and Andrew Sather. With their support and conviction, we are well positioned to make our vision of a power constraint free space a reality. Learn more about Star Catcher: www.star-catcher.com We're hiring! Join our team: https://lnkd.in/gGuaNP95 Read our press release: https://lnkd.in/gRHhFJWt This is Space Power. #SpaceTechnology #SpacePower #SatelliteTech #SpaceInnovation #TechStartups #SeedFunding #SpaceExploration #SpaceMission #SatellitePower #StarCatcher #InnovationInSpace #AerospaceEngineering #NewTech #TechNews #FutureOfSpace #PowerGrid #TechInvestors #VentureCapital #StartupSuccess #SpaceIndustry #SpaceTech #TechLaunch #BusinessInnovation #EngineeringExcellence #FundingAnnouncement