Atomos Space announced it raised a $16.2M Series A to build a demo mission to display its docking and towing in space.
The startup is building Orbital Transfer Vehicles to move satellites in space.
- Atomos claims it could lower the launch costs for satellite operators by half, saving them from having full navigation capabilities to move to different orbits.
- The company is working on a self-driving satellite that could detect and move objects in space.
- Atomos is a proponent of nuclear propulsion in space, claiming an order-of-magnitude improvement in speed.
- The startup expects the first two OTVs to launch in early 2024.
- The round was led by Cantos Ventures and the Yamauchi No. 10 Family Office, with participation from Dolby Family Ventures, Arden Road Investments, and Techstars, among others.