True Anomaly has raised a $650M Series D, announced on the heels of its Golden Dome award for space-based interceptor tech—a new product for the four-year-old company.
“The doctrine and capabilities required for space superiority are nascent, and industry’s bias towards ‘dual use’ platforms is rendering combat capabilities underserved and unsustainable,” True Anomaly CEO Even Rogers said in a statement. “The capital will be invested in space dominance at scale.”
More details: Eclipse and Riot Ventures co-led the round, which valued the company at $2.2B. New investors including Paradigm, Atreides, G Squared, the Private Shares Fund, and VanEck, and existing investors also joined the round.
The round also includes $50M in debt from Stifel Bank.
What’s next: The company will use the funding to:
- Accelerate delivery of products, including autonomous spacecraft and space-based interceptors;
- Grow the workforce to 500+ employees by the end of the year.
True Anomaly also has a full mission manifest during the next 18 months, including the Space Force’s VICTUS HAZE mission—a tactically responsive space demo in which one of the company’s spacecraft will conduct RPO missions with a Rocket Lab satellite.
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