TSUKUBA, Japan – (COMMERCIAL THREAD) – WARPSPACE Co., Ltd. (hereinafter “WARPSPACE”, Director and CEO: Satoru Tsunemachi), a University of Tsukuba spin-off space start-up, has announced the completion of a Series A cycle with leading Japanese venture capitalists, such as SBI Investment Co., Ltd. and Mizuho Capital Co., Ltd. This is the final Series A close and the total funding amount has exceeded $ 9 million since its inception in 2016.
We will accelerate the development of the “WARP-02” data relay satellite, which is the world’s first commercial inter-satellite optical communication service, named “WarpHub InterSat”. On top of that, by raising from Mizuho Capital Co., Ltd., all three Japanese mega-banks are now listed on our investors. ※ Mitsubishi UFJ Financial Group, Inc., Sumitomo Mitsui Financial Group, Inc.
It has been 5 years since the founding of WARPSPACE, we marked the first startup in the world, among the providers of inter-satellite optical communications, which were able to close the A series thanks to numerous supports. The prosperity of human beings has accompanied the development of communication all the time. In the “universal century” where the frontier of human activities truly extends into outer space, our optical intersatellite communication network is certainly contributing to the achievement of a sustainable society.
Mizuho Capital Co., Ltd.
Investment manager: M. Kato
Removing the communication bottleneck in space is inevitable in order to make more use of the Earth observation data captured by satellites. We believe that the use of Earth observation data will be accelerated by the communication infrastructure provided by WARPSPACE, and that it can contribute to various industries in a transparent way. Mizuho Capital will support WARPSPACE’s global business as a member of Mizuho Financial Group.
SBI Investment Co., Ltd.
Managing Director: Mr. Yusuke Matsumoto
Manager: Mr. Jun Hasegawa
In recent years, low orbit satellites observing the Earth have increased rapidly, so data obtained from satellites is also increasing and is expected to solve social problems in various industries. We believe that WARPSPACE can solve the communication bottlenecks in the space industry by building an inter-satellite optical communication network, which will contribute to the development of the space industry and human society in the future. For the above reason, we have decided to invest in WARPSPACE. We would like to support and hope that WARPSPACE will provide a new communications infrastructure for the new era of space.
About the “WARP STATION conference”
We have a free online conference on October 8 from 9:00 p.m. to 12:30 p.m. EDT. The aim of this conference is to connect the space industry (especially EO) with different fields, such as human rights and cybersecurity to further publish the value of space (EO data). As a guest speaker, we welcome experts from the Secure World Foundation (US) and a cybersecurity specialist from Japan. Please register via the following link.
About “WarpHub Intersat”
WarpHub InterSat is the world’s first inter-satellite optical communications relay network service using small optical relay satellites. We aim to launch the service in 2023. The number of satellites is growing exponentially in low earth orbit (LEO), which is between 500 and 800 km from the earth’s surface. WarpHub Intersat allows satellites to constantly communicate with ground stations with high speed optical communication, which also allows satellite operators to access more satellite data in near real time, helping to save money. more sustainable world of the earth.
[WARPSPACE Co., Ltd.]
Created in 2016. WARPSPACE has launched three communication satellites, including the one produced as part of the previous university project. In addition to our satellite engineering expertise, we are developing our space business by taking advantage of our partnerships with research institutes such as JAXA and the many experimental and test facilities owned by Tsukuba Science City.