Astranis raises $250M at a $1.4B valuation for smaller, cheaper geostationary communications satellites
The Astranis Series C was led by BlackRock-managed funds, and includes involvement from a host of brand-new investors consisting of Baillie Gifford, Fidelity, Koch Strategic Platforms and more. This brings the total financing raised by Astranis to over $350 million, including both equity and debt financing. Astranis got begun just in 2016, and was part of the YC Winter 2016 friend.