EnduroSat has raised $205M to ramp up its production lines for standardized sats, the company announced yesterday.
Riot Ventures and Atreides Management co-led the round for the Bulgarian satellite manufacturer. It was the third nine-figure fundraise announced by a European company during the past two weeks, following Open Cosmos’ €300M ($348.6M) raise and The Exploration Company’s $450M Series C.
Talk shop: The funding will allow EnduroSat to open a new manufacturing facility in the US. In addition, the Sofia, Bulgaria-based company will build “the EU’s largest and defense hub,” according to a press release. In October, the company announced the opening of a 188,000 sq. ft. Space Center aiming to churn out two sats per day. EnduroSat did not share specific information on the US factory location.
The new funding will also enable the company to begin producing larger spacecraft.
The funding round included many familiar faces from EnduroSat’s previous fundraises, including a €43M ($48.8M) round in May 2025 and a $100M+ round in October. Other participating investors in the latest fundraise include the European Innovation Council, Google Ventures, Founders Fund, House Capital, Lux Capital, Omnes Capital, Giant Ventures, Emphatic Capital, and Endeavour Capital.
Get to work: EnduroSat already has more demand rolling in that will keep the new manufacturing facilities open. Vantor announced Thursday that it selected EnduroSat and CACI to build its Pulse constellation of 40-cm EO imaging sats that are expected to revisit locations every 15 minutes.
EnduroSat will provide the buses for the 24 sats that will make up the constellation, while CACI will build the imaging payloads.
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PARIS, FRANCE—Very rarely can someone offer you the best of both worlds, but Hydrosat’s newest constellation claims to do just that.
The thermal infrared EO company today unveiled its next-gen satellite constellation—dubbed Osiris—which is designed around an upgraded payload capable of collecting higher-resolution imagery over a wider area compared to the company’s VanZyl-1 and -2 satellites in orbit today. The first two upgraded sats are expected to launch next year.
“It’s VanZyl-2 on steroids,” Hydrosat CEO Pieter Fossel told Payload. “Usually, you get to do one or the other—swath or resolution. The Hydrosat team has been able to accomplish both at the same time.”
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