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Dual-Use Tech Roundup: International Edition
Israeli based cybersecurity company Cycode has developed platforms to provide software supply chain security solutions. The company raised $56 M in Series B funding on December 1st, 2021. This raise comes six months after the company finished their $20 M Series A round in May 2021. The Series B round was led by Insight Partners. YL Ventures, who participated in the company’s seed round, also participated in the Series B.
There are millions of pieces of debris orbiting our planet, making it difficult for new satellites to launch. Astroscale is a Japanese based startup that is looking to remove that debris and clean up our space ecosystem. On November 25th, 2021, the company closed their Series F raising $109 M. This round brings their total capital raised to over $300 M. This round was led by THE FUND. Other notable investors include Seraphim Space Investment, Nomura, and the Japan Growth Capital Investment Corporation. This round of funding will allow the company to make an orbit-servicing routine by 2030.
Satlantis, a satellite company based in Spain, develops high resolution optical payloads for small satellites to aid in Earth observation. The company raised €16.5 M ($18.68 M) in a Later Stage VC Round on November 25th, 2021. The round was led by Enagás Emprende and Sepides Gestión. The company plans to use the capital to break into international markets such as the US, UK, and UAE.
Evolve Dynamics: 🇬🇧
UK based drone company Evolve Dynamics are hoping to address the surveillance needs in both the private and public sectors. The company tailors the abilities of their unmanned aerial vehicles (UAVs) to meet the demands of their customers. These machines specialize in long distance missions and are aided by artificial intelligence, machine vision, and collision avoidance technologies. The company raised GBP 681,403 from undisclosed investors in their Angel Round on September 1, 2021. The company had previously raised GBP 1.0M in their Seed Round in 2020. This round was led by the Cass Entrepreneurship Fund and the FSE Group.
What We’re Reading:
Josh Wolfe on Twitter: "1/ Releasing a redacted Lux quarterly letter to LPs. Some strong views of -a catalog of an excess of excesses -what catalysts cause the current market frenzy to end (preview: LP indigestion) -what we are advising our Lux family companies -much more…
In another article, the same Josh Wolfe is featured in a story titled The VC trying to reintroduce the Pentagon to Silicon Valley (fastcompany.com)