TAMPA, Fla. — All.Space announced $44 million in funding from venture capitalists Oct. 3 to kickstart the delayed commercial launch of its first multi-orbit flat panel antenna.
Defense-focused investment firm Boka Group led the Series C funding round for All.Space, which has raised about $160 million in total since being founded in 2013, when it was called Isotropic Systems.
The funding announcement, which did not include customer details or order numbers, comes seven months after All.Space said it had delivered its first terminal for tests with SES, an operator of satellites in geostationary and medium Earth orbit (MEO).
SES has previously invested in All.Space, which says its electronically steered antenna (ESA) technology enables users to switch between different orbits and terrestrial networks without losing connectivity.
All.Space is also developing an ESA compatible with low Earth orbit satellites.
Announcing its All.Space rebrand in August 2022, the company said it aimed to move into initial production for an antenna release before the end of that year.
“The development has required adjustments, working alongside our partners within defence to achieve the results in a scalable production environment,” an All.Space spokesperson said Oct. 3 in an email to SpaceNews.
“While this has taken longer than anticipated, we are continuously pushing the boundaries of what’s possible, and that takes time. We are looking forward to shipping our first terminals in the coming weeks.”
John Finney, All.Space’s founder and a former executive for SES’ MEO business, stepped down as CEO of the manufacturer last month. He was replaced by Paul McCarter, previously All.Space chief operating officer.
All.Space’s S2000 series of customizable terminals would come alongside other multi-orbit antennas debuting this year, promising greater flexibility and resiliency for satellite connectivity customers, particularly those on planes, boats and other vehicles on the move.
Existing All.Space investors AE Industrial Partners, Seraphim Space and Promus Ventures also participated in the company’s Series C funding round.