Isotropic Systems has completed an industry and financial backed US$40 million funding round, including UK government support through the Government’s Future Fund, equity participation through global strategic investors, venture capital and UK grant funding support awarded by the UK Space Agency.
SES led the round, along with participation from specialised space investors Orbital Ventures, UK government’s Future Fund and existing investors Boeing HorizonX Global Ventures, Space Angels and Firmament Ventures.
With funding in place, Isotropic Systems plans to accelerate its production phase in time to support new constellations and satellites launching in all satellite orbits from 2022 onwards. Isotropic will also open a 20,000 square foot technology and testing facility near the company headquarters in Reading, UK.
Isotropic Systems’ patented radio frequency optics technology enables the high-performance multi-beam antenna to simultaneously link with multiple satellites in multiple orbits without any compromise in the performance of each link.
“Isotropic Systems is extremely well positioned to unlock a new age of high-powered, multi-orbit connectivity with our next-gen multi-beam antenna,” said John Finney, Isotropic Systems Founder and CEO. “As one satellite constellation after another is announced for launch in future years, our technology is unique in that it allows service providers and end users to take the best of the many thousands of satellites going into orbit using a single, integrated terminal, unlocking the demand for the satellite industry as a whole, radically changing the way bandwidth services are delivered to end-users and vastly exceeding the capability of any single satellite system.”
SES CEO Steve Collar commented: “Isotropic’s multi-beam antenna plays an important role in our multi-orbit strategy and is a key enabler for advanced satellite services on land, in the air and at sea. Our investment reflects the potential that we believe this breakthrough technology has for SES and for the industry as a whole.”
Brian Schettler, Senior Managing Director, Boeing HorizonX Global Venture stated: “Our continued investment in Isotropic Systems, underlines our commitment to strengthening the global satellite ecosystem. The development of Isotropic’s unique RF optical technology will further accelerate the expansion of space-based connectivity to meet the growing demand for satellite data, transportation and mobility connectivity, and broadband services.”
