EnduroSat to Scale Satellite Production with New Funding and Space Center
We are excited to announce a $104 million funding round which will ensure significant production capability for advanced constellation players, accelerating time-to-orbit by enabling the actual production of two ESPA-class satellites per day.
We are proud to welcome Riot Ventures, Google Ventures, Lux Capital, European Innovation Council Fund, and Shrug Capital to join us on our mission of streamlining access to space data.
The new funding coincides with the official opening of our new state-of-the-art Space Center in Sofia. This expansion directly addresses the accelerating global demand for small to mid-sized satellite constellations.
The new 188,340-square-foot facility gives EnduroSat the capability to manufacture up to two 200-500kg satellites daily and features advanced RF labs, hardware and mechanical labs, ISO-classified clean rooms, and comprehensive space qualification facilities, delivering cutting-edge speed, reliability and cost-efficiency in satellite manufacturing.
This latest investment, combined with the launch of our new Space Center, marks a pivotal moment. It not only validates our strong market traction but significantly accelerates our ability to deliver highly capable, cost-effective satellite constellations at an unprecedented scale, moving us closer to a future where space data will become universally accessible and instantly available.
Raycho Raychev
EnduroSat CEO and Founder
Investors in the funding round offered their support for EnduroSat’s momentum and vision:
EnduroSat is redefining how space infrastructure is built and deployed. Their production capabilities are aligned with the evolving demands of a new generation of satellite operators. We believe EnduroSat is uniquely positioned to empower businesses and governments to leverage the advantages of their own dedicated space assets, and we’re excited to support this vision.
Stephen Marcus
Co-Founder and General Partner of Riot Ventures
At GV, we believe the next era of connectivity and exploration will be fueled by scalable, modular satellite platforms. EnduroSat’s technical depth, rapid manufacturing innovation, and customer-first mindset uniquely position them to set a new standard for satellite constellations. We’re proud to support Raycho and the entire EnduroSat team as they unlock new possibilities for organizations of every size to access and leverage space data at unprecedented scale.
Roni Hiranand
Partner at GV (Google Ventures)
EnduroSat’s trajectory follows one of the great industrial playbooks of our time. Much like BYD began building battery components before vertically integrating into complete vehicles, EnduroSat started by building best-in-class subsystems for the space industry and has moved up the stack to now building satellites and full constellation solutions. They understand every layer of the technology stack because they built it themselves, and that deep systems knowledge translates into better performance, faster iteration, and ultimately, superior economics.
Brandon Reeves
Partner at Lux Capital
