Antaris is hoping to bring enterprise tech concepts to space—and now it has additional seed funding to try to make that a reality.
Antaris, a SaaS platform for space, announced Wednesday that it raised $3.5M in seed funding. Streamlined Ventures, which specializes in early-stage investments, led the round, which brings Antaris’s total funding to $10M.
The terms: The round also included funding from venture capital firms HCVC and E2MC, which participated in the company’s earlier seed and extension fundraising efforts. Under the deal, Ullas Naik, founder and general partner of Streamlined Ventures, will also join Antaris’ board of directors.
Antaris 101: The California-based startup offers a platform that can design satellites for a wide variety of applications from communications and imaging platforms to climate change and military intelligence, slashing the time it takes for companies to get to orbit.
The Antaris SaaS platform manages each satellite from conception to decommission, and its True Twin platform, which creates a digital twin of each satellite that can simulate software updates before its real-life counterpart gets them, can reduce costly malfunctions.
Antaris started in 2022 with the goal of creating a company that can build and operate satellites at scale. The company has inked deals with the likes of Phantom Space Corporation, Morpheus Space, Ananth Technologies Limited, and DoD SBIR.
Bringing SaaS to space: If the SaaS and digital twin applications sound familiar, that’s because they are. Scalable end-to-end technology has been at the forefront of the SaaS-heavy enterprise world, where digital twins and modular solutions have been the building blocks for every security, cloud, and data analytics platform we know and love today.
“Antaris is the first company we’ve seen that is committed to building a pure-play software and SaaS company to support satellites and space data networking,” Naik said in a statement. “This platform is game-changing for anyone looking to put a satellite into orbit or to operate satellite constellations.”
