StartupsTechnologyVC/PE

EraDrive Raises $5.3M Seed to Bring Self Driving Tech to Orbit

EraDrive and a rendering of the first production version of its autonomy hardware/software self-driving module. Image: EraDrive
EraDrive and a rendering of the first production version of its autonomy hardware/software self-driving module. Image: EraDrive

Orbital traffic is increasing at a rapid clip, and many sats aren’t even looking where they’re going. 

EraDrive wants to give sight to the next generation of satellites. Today, the CA-based startup announced a $5.3M seed round to scale the production of its self-driving modules that allow satellites to maneuver autonomously using observational data.

Haystack Ventures led the round, with additional participation from Point Nine, Harpoon Ventures, Brave Capital, 2100 VC, and Entropy Industrial Capital.

Meet the Eras: EraDrive was founded this year by three vets of Stanford University’s Space Rendezvous Laboratory (SLAB), and took off faster than a green light. This summer, the company won a $1M single source contract from NASA to develop software to help the agency’s Starling spacecraft detect and track other satellites and debris in orbit using onboard star trackers.

EraDrive is now developing a 1U payload—armed with optical sensors, AI and machine learning tech, and comms capabilities—that promises to give satellites the power to keep an eye on their surroundings and conduct maneuvers for collision avoidance or RPO with little-to-no input from operators on the ground.

“What we plan to achieve with EraDrive is to deploy hundreds to thousands of these autonomy modules onto as many satellites as possible, and these satellites can then do decision making at the edge,” EraDrive CEO Sumant Sharma told Payload.

While much of the technology EraDrive is using has already been flight proven through past work at SLAB and NASA’s Starling mission, the company will use the new funds to expand its capabilities and shift the tech from relying on flight proven COTS parts to in-house designed alternatives.

The company plans to more than double its headcount in the next two years—from six employees to as many as 15—and is looking to hire hardware and software engineers to ensure they can get the best possible images of objects on orbit, and perform autonomous operations in any orbital trajectory.

The end game: EraDrive’s long-term vision is much grander than simply selling payloads to satellite operators. The real value of the tech, according to Sharma, lies in the big data applications once enough modules have been launched.

“We look at what Waymo and Google Maps is doing for driving on the streets,” Sharma said. “[They’re] feeding a network of sensors, which is then utilized to provide intelligence information to everybody else who might be driving around.”

The idea for EraDrive is the same: if enough satellites on orbit have their eyes open, can communicate with one another, and maneuver autonomously, then the risk of collisions decreases considerably.

Related Stories
VC/PE

K2 Space Raises $250M Series C

K2 Space announced yesterday that it secured a $250M Series C ahead of its first satellite launch early next year.

EuropeVC/PE

VC Investors Plan for a Rich Space Future in London

The inaugural Space Investment Conference kicked off in London this week, bringing together founders and investors to discuss the financial future of the space industry—which now has more money than ever.

MilitaryStartups

Exclusive: Fortastra Lands $8M Seed to Develop Orbital Defense Sats

Military capabilities on orbit are ramping up, but aside from a handful of explosive anti-satellite demos in recent decades, the rising tension has yet to get physical.  

EOStartupsTechnology

Wherobots Launches New AI Tool for EO Data

The volume of EO images has grown exponentially the past decade, but cleaning up, deciphering, and extracting value from these datasets remains manual, expensive, and time-consuming, according to Wherobots officials.