Supercomputing in Space Advanced by Ramon.Space Funding
Ramon.Space has raised $17.5M in Series A funding to advance plans for supercomputing in space. The round includes StageOne Ventures, Deep Insight, WorldQuant Ventures, UMC Capital and existing investor Grove Ventures. The capital will be used to continue development of the company's computing solutions, support its rapidly expanding US and Israel operations, and expand the team globally.
"Since our first seed investment, Ramon.Space's growth has made monumental headway in the space ecosystem."
Dov Moran, Ramon.Space's Chairman of the Board and Managing Partner at Grove Ventures.
Ramon.Space builds space resilient supercomputing systems that revolutionize the way software is written, applied, and processed in space. The use of software in space has been limited because the hardware needed to support it could not function in such harsh conditions. Ramon.Space aims to transform the way software and hardware are used in space so applications can be developed, updated and adapted in real-time, creating infinite possibilities for new space satellite payloads and deep space missions. The company's computing and storage platform leverages ground-breaking Manycore ML/AI/DSP processing technology to power next generation earth observation, communications and data processing applications, bringing them to unprecedented levels of advancement.
Intelligent systems in space need advanced computing and storage capabilities. Computing systems on the market today are unable to withstand the high radiation levels and polarizing temperatures in space, causing them to deteriorate or malfunction. Ramon.Space uses virtual radiation-hardened technology that doesn't just withstand the harsh conditions of space, it thrives in it.
Aiming to revolutionize orbital services, Ramon.Space supercomputing in space technology transforms satellites to smart and autonomous, drastically extending the effective lifetime of satellites by providing service agility in the form of in-orbit upgrades that adapt to services and applications.
"We're delighted to have such strong investors with us on this path to lead the digital transformation of space," said Avi Shabtai, Ramon.Space CEO. "With our ground-breaking technology, designed for earth-like computing at earth-like costs, we play a major role in the space revolution as the market leader in SW defined computing, networking and communication payloads."
"Since our first seed investment, Ramon.Space's growth has made monumental headway in the space ecosystem," said Dov Moran, Ramon.Space's Chairman of the Board and Managing Partner at Grove Ventures. "Within our lifetime, we'll experience the impact and extraordinary benefits of human technological advances in space. Ramon.Space is at the forefront of these unique innovations."
(Source: Ramon.Space news release)