Supercomputing in space specialist sees investment
The company builds space-resilient supercomputing systems that it says revolutionize the way software is written, applied, and processed in space. Previously, the use of software in space has been limited because the hardware needed to support it could not function in such harsh conditions.
The new funding, says the company, will help it 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 its Manycore ML/AI/DSP processing technology to power next-generation earth observation, communications, and data processing applications.
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.
Instead, says the company, it uses virtual radiation-hardened technology that doesn’t just withstand the harsh conditions of space, it thrives in it. Aiming to revolutionize orbital services, the company says its 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.
The capital from the funding 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. Investors in the funding round include StageOne Ventures, Deep Insight, WorldQuant Ventures, UMC Capital, and existing investor Grove Ventures.
“We’re delighted to have such strong investors with us on this path to lead the digital transformation of space,” says 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.”
Dov Moran, Ramon.Space’s Chairman of the Board and Managing Partner at Grove Ventures adds, “Since our first seed investment, Ramon.Space’s growth has made monumental headway in the space ecosystem. 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.”
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