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Space security company True Anomaly Inc. today launched out of stealth mode and announced that it has raised $30 million in funding, including a recent Series A round of $17 million.
Founded in early 2022 by former military operators and engineers, True Anomaly is focused on building spacecraft and software solutions designed to secure U.S. commercial and military interests in space. Its platform offers seamless satellite, navigation and data-capture technologies designed to provide security and training for the rapidly evolving space market.
The company is seeking to address the issue where today’s space systems are often outdated and highly vulnerable to both physical threats and cyberthreats. With the cost of entering space rapidly declining and space technology rapidly evolving, the company claims, space security threats are rising exponentially.
True Anomaly says its team deeply understands these increasing international risks and the urgency with which they need to be mitigated. By building an integrated technology stack, True Anomaly will enable the U.S. and its allies to understand activity in the space domain, deploy resilient systems, train combat-ready forces and compete responsibly.
“Space-based technologies have played a pivotal role in enabling the U.S. to employ instruments of national power and it’s imperative that we invest in upgrading and protecting those technologies,” True Anomaly co-founder and chief executive officer Even Rogers said ahead of the announcement. “We need to address the capability asymmetry that has emerged in the space domain in the last two decades as the U.S. and its allies have focused military efforts primarily on Counterinsurgency Operations.”
Rogers warned that if action is not taken quickly to address space security, the U.S. and its allies would be at increased risk should a conflict break out that extends into space. Such a conflict could lead to potentially catastrophic debris-generating outcomes from attacks on spacecraft.
Rogers added that the private and public sectors must join forces to enact meaningful, pivotal change to overcome intense national security space challenges and must do so dramatically faster than the seven to ten years currently consumed by legacy military space programs.
In the year since it was founded, True Anomaly has designed its first spacecraft, the Jackal Autonomous Orbital Vehicle, opened a 35,000-square-foot factory in Denver and hired 57 employees. With this most recent funding, True Anomaly plans to validate the Jackal’s technical abilities and operational capabilities and make the necessary investments to scale production later this year.
Eclipse Ventures LLC led the Series A round, with Riot Ventures LLC, Champion Hill Ventures LLC, Space.VC Inc. and Narya Inc. also participating.
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