LOS ANGELES – Ramon.Space has raised $26 million from Ingrasys, a subsidiary of Foxconn Technology Group, the Abu Dhabi-based Strategic Development Fund and other investors.
Grove Ventures, Deep Insight and UMC Capital, firms which have invested in Ramon.Space up to now, contributed additional funding.
With the newest investment, Ramon.Space will expand production of computing technology designed to face up to the acute temperatures, radiation, data transfer delays, and the scale and power constraints of spaceflight.
High-Volume Production
Facing growing demand, Ramon.Space has been looking in recent times for methods to construct space computing infrastructure the way in which computing infrastructure is built for terrestrial markets: “high volume, prime quality and high capability,” Ramon.Space CEO Avi Shabtai told
“We were looking into finding a strategic partner who was inquisitive about space as much as we were, and we found that to be Foxconn in Taiwan and Ingrasys, a subsidiary of Foxconn accountable for manufacturing,” Shabtai said.
Under the partnership announced June 20, Ramon.Space will develop and manufacture space computing products. Ingrasys will establish high-volume production, Shabtai said.
Growing Demand
The power to fabricate radiation-resilient computing systems in high volume and in a cheap way will drive the expansion of the space computing market, Shabtai said.
Increasingly, communications satellites are based on computing infrastructure reasonably than hardware tailor-made for a selected mission.
“You’ll be able to take a look at the communication satellites of tomorrow as computing systems which can be implementing a satellite connectivity system,” Shabtai said. “The transition towards software-based computing systems will dominate all of the next-generation communication, Earth-observation and, afterward, data-centric satellites,” Shabtai said.
Ingrasys CEO Benjamin Ting said in a press release, “Space computing is the inspiration to leverage the infinite potential of space. We recognized that investing and partnering to fabricate Ramon.Space products was the proper strategic move as they’re the leader on this field.”
Mohamed Musabah Al Mazrouei, Strategic Development Fund director of investments and portfolio management, said in a press release, “Our decision to take a position in Ramon.Space is in perfect alignment with our strategic mandate, which emphasizes a give attention to the space sector through private equity and enterprise capital. This enterprise capital investment not only enhances our portfolio, but in addition opens up potential avenues to hunt synergies and foster partnerships, each inside the UAE and globally.”