Constellation Technologies and Operations Raises €9.3M
- by Eureka Magazine
- Oct 14, 2024
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Funding to Support End-to-End Connectivity Testing and Satellites Development
The €9.3 million seed round, led by the Expansion fund, the French Tech Seed fund managed on behalf of the French government by Bpifrance as part of the France 2030 plan, and the company’s historical investor, will allow Constellation Technologies & Operations to achieve key milestones. These include end-to-end testing of its space-based internet services with a combination of orbiting payload and ground station prototypes. The start-up employs around 30 people working across its offices in Saint-Quentin-en-Yvelines and Toulouse, France.
This funding will also support the detailed engineering studies of the first two complete satellites, which are scheduled for launch by end of 2026. Subsequently, the company plans to industrialize and mass-produce the satellites, user terminals, and the overall system, with a phased rollout of its space-based connectivity service. Constellation Technologies & Operations expects its infrastructure to be fully deployed by the end of the decade, offering global coverage and enabling telecom operators to provide their customers with high-speed, low-latency internet access from space - just as they do today with terrestrial telecommunications networks.
Charles Delfieux, CEO and founder of Constellation Technologies & Operations, stated: “We are thrilled to have secured this funding, which will allow us to continue developing our constellation and help telecom operators unlock the enormous potential of space-based connectivity. Our mission is to bridge the digital divide and provide universal internet access, empowering telecom operators to serve customers even in the most remote areas.
Investor Charles Beigbeder, Co-Founder of Expansion, concluded: “Constellation Technologies & Operations represents a unique opportunity to support disruptive innovation in space connectivity infrastructure. Their approach ensures that telecom operators can fully participate in this new market while addressing the environmental challenges facing the space sector.”
Claire Waché, Senior Investment Officer at Bpifrance: “We're pleased to support Constellation Technologies & Operations, as its technological innovations around ultra-low orbit and the use of 5G spectrum are key to enable telecoms operators to enter and compete in the space connectivity market. This investment reflects Bpifrance's mission to support disruptive innovation in strategic sectors”.
Constellation Technologies & Operations has already received several expressions of interest from European telecom operators and is in advanced discussions with international operators.
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