Key Takeaways
- • Reflect Orbital announced $73.5 million in new funding, bringing total funding to more than $100 million.
- • Existing investors Sequoia Capital, Lux Capital and Starship Ventures participated alongside new investors including Buckley Ventures, Convective Capital, The Uncommon Group and Salesforce Ventures.
- • The Hawthorne, California company's technology is designed to redirect sunlight from space to Earth on demand, with stated applications in post-sunset solar power generation and search-and-rescue support in disaster zones.
Summary
Hawthorne, California-based Reflect Orbital announced $73.5 million in new funding, lifting its total funding to more than $100 million, according to the company's announcement as reported in the primary source.
The round drew participation from existing backers Sequoia Capital, Lux Capital and Starship Ventures. New investors named in the announcement include Buckley Ventures, Convective Capital, The Uncommon Group and Salesforce Ventures, with other participants also referenced. The source does not disclose the round's valuation or the precise breakdown of investor contributions.
The company describes its technology as a means of precisely redirecting sunlight from space to Earth at the specific locations and times where it is needed. According to the company's description, this capability could enable solar power generation after sunset and provide support for search-and-rescue operations in disaster zones.
The announcement reflects continued investor interest in space-based energy and infrastructure technologies, with a mix of returning venture backers and new strategic and venture participants. Details on deployment timelines, commercial customers and use of proceeds were not included in the available source material.
The round drew participation from existing backers Sequoia Capital, Lux Capital and Starship Ventures. New investors named in the announcement include Buckley Ventures, Convective Capital, The Uncommon Group and Salesforce Ventures, with other participants also referenced. The source does not disclose the round's valuation or the precise breakdown of investor contributions.
The company describes its technology as a means of precisely redirecting sunlight from space to Earth at the specific locations and times where it is needed. According to the company's description, this capability could enable solar power generation after sunset and provide support for search-and-rescue operations in disaster zones.
The announcement reflects continued investor interest in space-based energy and infrastructure technologies, with a mix of returning venture backers and new strategic and venture participants. Details on deployment timelines, commercial customers and use of proceeds were not included in the available source material.
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