SpinLaunch Closes $30-Million Round for Satellite Broadband Constellation Development
SpinLaunch, a Long Beach space technology company, closed a $30-million funding round that includes new investment from existing investors, including lead investor ATW Partners, as well as the previously announced strategic investment from Kongsberg Defence & Aerospace. The company will use the funding for the development and commercialization of Meridian Space, its lowearth orbit satellite broadband constellation.
“From technical milestones to collaboration with early adopters, the continued backing of insiders and partners like Kongsberg underscores the credibility of our approach and the progress we’ve made,” said Massimiliano Ladovaz, chief executive of SpinLaunch, in a statement.
This latest capital infusion advances the company toward its first customer link in the second half of 2026. Early commercial traction signals growing demand for a cost-efficient, lower-earth orbit satcom system with open architecture that is purpose-built to deliver flexibility, seamless integration and long-term value for customers.
“We chose to partner with SpinLaunch because we saw a bold vision backed by a uniquely capable team,” said Eirik Lie, president of Kongsberg Defence & Aerospace, in a statement.
Sourced from SpinLaunch.
FieldAI Announces Venture Funding Exceeds $400 Million with Latest Round
FieldAI, an Irvine-based startup focused on developing systems for robots to operate safely in industrial environments, announced that it raised $314 million in August, co-led by Bezos Expeditions, Prysm and Temasek. The company has now raised $405 million over two funding rounds. Backers include Khosla Ventures, Nvidia’s NVentures, Canaan Partners and Intel Capital. The latest round was oversubscribed, following rapid customer adoption and multiple expansion contracts for FieldAI’s general-purpose robotics intelligence, with successful testing and deployments across hundreds of complex real-world industrial environments.
FieldAI robots are deployed in daily operations at numerous customer sites worldwide. Deployments span a variety of robot types in high-complexity environments from Japan, to Europe, to the U.S., with some of the world’s largest companies in industries including construction, energy, manufacturing, urban delivery and inspection.
“Our team has spent years in the field, driving major breakthroughs in ‘field robotics’ and safety-critical robotic AI in complex environments,” said Ali Agha, founder and chief executive of FieldAI, in a statement.
The company is led by world-renowned veterans in robotic AI from DeepMind, Google Brain, Tesla Autopilot, NASA, JPL, SpaceX, Zoox, Cruise, Amazon, DARPA, TRI and others.
Sourced from FieldAI.
-David Nusbaum
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