Infinite Orbits Raises €12M to Develop In-Orbit Services

Infinite Orbits Raises €12M in Funding

Key Highlights:

• Funding Round: Infinite Orbits, a new space in-orbit services company, raised €12M in funding.
• Investors: Newfund Capital, EIC Fund, IRDI Capital Investissement, and Space Founders France (CNES's venture arm) led the funding round.
• Technology Development: Funds will be used to further develop Infinite Orbits' core rendezvous and proximity operations technology (RPO) and perform in-lab and in-space validation.

Infinite Orbits' Target Market

• Target Market: Satellite operators globally, particularly those in need of in-orbit services and life extension solutions for their space assets.
• Space Asset Management: Companies seeking to optimize fleet management strategies and extend the lifespan of their satellites.
• In-orbit Service Providers: Organizations looking for advanced in-orbit services, including close inspection, refueling, and in-space manufacturing.

What Infinite Orbits Needs to Buy

• Technology Partnerships: Collaborations with organizations like ESA and CNES for technology development and validation.
• Research and Development: Investments in research and development to enhance and expand their core technology for in-orbit services.
• Manufacturing and Operations: Partnerships and resources for manufacturing and operating their in-orbit servicers and life extension satellites.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.