ORLANDO, Fla. — True Anomaly, a startup based in Denver, announced Dec. 12 it has raised $100 million in a Series B funding round.
The round was led by Riot Ventures with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures and FiveNine Ventures.
“This financing enables continued investment in people, products, and services to further advance True Anomaly’s mission,” said co-founder and CEO Even Rogers.
True Anomaly is producing small satellites designed for surveillance and reconnaissance of objects in space, geared toward the military and intelligence markets. The corporate in August unveiled a 35,000 square-foot facility in Centennial, Colorado. It has doubled its staff from 50 to greater than 100 employees.
Constructing Jackals
Founded in 2022, True Anomaly designed a spacecraft, called Jackal, for rendezvous and proximity operations, and in-space surveillance missions.
The corporate also offers training services for military satellite operators.
“A responsive and agile defense industrial base is crucial to supply the tools for deterrence and global security,” said Rogers. “Space is the most recent and most vulnerable theater of latest global competition, however the U.S. and its allies are ill-equipped for a conflict that begins in or extends into space.”
Will Coffield, co-founder and general partner at Riot Ventures, said “doubling down on this round is a mirrored image of the exceptional execution we’ve witnessed over the past two years. The U.S. and its allies face intense national security challenges within the space domain, and we consider True Anomaly goes to be the corporate that delivers the core set of capabilities to offset those threats.”
Seth Winterroth, partner at Eclipse, said the Series B funding “validates True Anomaly’s traction, and likewise illustrates the team’s ability to scale, execute on product delivery.”
The corporate said the primary two Jackal satellites have accomplished construct, assembly, and integration and are scheduled to launch aboard SpaceX’s Transporter-10 rideshare mission no sooner than March 1, 2024.