Infostellar closes Series A financing round with $7.3m for satellite antenna sharing platform, with lead investor Airbus Ventures
TOKYO, Sept. 13, 2017
TOKYO, Sept. 13, 2017 /PRNewswire/ -- Infostellar, developer of a cloud-based satellite antenna sharing platform, announced today a $7.3 million Series A investment, led by Airbus Ventures, with additional funds from WERU Investment, D4V, Sony Innovation Fund, and existing investors, FreakOut Holdings, and 500 Startups Japan. This financing will be used to fund the launch of Infostellar's flagship platform, StellarStation, expand its network of partner antennas, and hire additional talented team members.
Following the closing of the Series A round of investment, Infostellar also welcomes Dr Lewis Pinault, Managing Investment Partner for Airbus Ventures in Japan, to the Infostellar company board.
Lewis comments that "With the burgeoning number of Low Earth Orbit launches and the fast-evolving criticality of data from space, supporting ground station networks are becoming hard pressed to keep up with satellite data demands - despite the irony that much of the time ground station antennas stand idle while other people's satellites pass overhead. Infostellar dramatically shifts the model - they can bring many hundreds of antennas around the globe to the service of thousands of satellites. With their StellarStation solution, everyone in the equation can win: antenna operators idle less and earn more, and satellite operators gain real-time network-side control - and virtually anyone can become a satellite operator."
Thomas d'Halluin, CEO of the independent funding arm Airbus Ventures remarks from Silicon Valley that "At Airbus Ventures we aim to facilitate exactly these kinds of dramatic, widely enabling shifts in the futurescape of aerospace. We're particularly pleased to lead this important round of investment, our first in Japan. With the likes of Sony Investment Fund, the Entrepreneurial Research Unit at Waseda University, and 500 Startups Japan as well as key domestic co-investors, we feel Infostellar is well positioned to tap the best of Japanese innovation, attract even more outstanding international talent, and bring its success to the world stage in future rounds - and indeed onwards to new novel successes in deep space communications."
Dr. Tadashi Takiguchi, president and CEO of WERU Investment comments, "Through our extensive global research into the state of R&D and business in the space industry, we understood that the development of key infrastructures by commercial entities is crucial during the current phase of the rapidly growing space industry. With this background, it did not take long for us to decide to support Infostellar and their goal of developing a communications infrastructure for small satellites, given their outstanding team and business model that is backed by solid technology. We are confident that Infostellar will make a significant contribution to the future development of the space industry."
Kanako Inoue, portfolio director at Japan-based D4V, remarks: "It is with great excitement that we see this growth at Infostellar. Guided by the visionary leadership of Kurahara-san and Ishigame-san, the D4V team believes that this team can be a prime example of how a Japanese startup that can not only create positive impact domestically, but potentially even challenge the global paradigm in the satellite operation space. The D4V team is looking towards providing IDEOs network in collaborating together on this global challenge!"
Yuzuru Honda, Founder & Global CEO of FreakOut Holdings, inc. remarks on Infostellar's journey thus far: "After the founding development stage together, we are very pleased that our strong partner, Airbus Ventures, has joined and led the funding in this round, at this critical time of bringing this unique technology to antennas all over the world at last."
"When we first met Kurahara-san and Ishigame-san, all they had was a deck and a crazy idea to build an Airbnb for satellite antennas," says James Riney, Managing Partner and Head of 500 Startups Japan. "It's amazing to see how far they've come with a small seed investment. With this big round and the likes of Airbus Ventures and Sony behind them, we can't wait to see what they can accomplish!"
Founded in January 2016 in Tokyo, Infostellar's long-term mission is to provide smart, efficient communications infrastructure for humanity's ongoing space expansion. The first step in this journey is the creation of StellarStation, set to begin closed beta launch in October 2017. Through implementation of the StellarStation hardware unit, satellite operators can share their antennas through a cloud-based platform during otherwise idle time, allowing increased transmission at much lower cost, while also passing on revenue to antenna owners in the network.
Lowering costs and increasing access will lower barriers for new businesses entering the satellite industry, as well as solve two major problems for existing satellite operators: namely, (1) insufficient satellite access time and (2) unused antenna idle time. The process is simple: Users can share their antenna's idling time and receive credits, then use those credits to access other antennas around the globe. Alternatively, users can exchange credits for cash.
StellarStation - How It Works
The StellarStation platform sits between antenna holders and satellite operators, managing the complex processes required to connect both sides in a shared network and provide opportunities for revenue.
Antenna Evaluation, Matching
In order to facilitate this antenna sharing network, the StellarStation platform has a number of functions built in. First, StellarStation evaluates antennas for a given satellite's usage by referencing various factors like antenna specs and data transmission history. Using that information, it displays the most viable antennas for said satellite, and the user can book a transmission window that automatically begins once the satellite is in range.
Because there are various forms of data in both satellite uplink and downlink, StellarStation also performs the necessary data processing so that the data can be received in a usable form. Lastly, all operations are presented to the user in a comprehensive graphic interface, with complete API support.
Through this easy-to-use sharing platform, Infostellar hopes to create a paradigm shift in LEO satellite operation.
To sign up for the beta release, or for more information, visit http://stellarstation.com.
Infostellar is a space communications infrastructure firm, developing the world's only cloud-based satellite antenna sharing platform: StellarStation. By lowering costs and increasing transmission time, Infostellar empowers satellite operators to improve the quality of their service and expand potential business. Founded in 2016, Infostellar is headquartered in Tokyo, Japan. For more information, visit https://www.infostellar.net/ .
Logos and images can be found at https://www.infostellar.net/news/1/kit.zip.
About Airbus Ventures
Airbus Ventures is a fast-moving, intensely curious early-stage investment group that seeks exceptional, inspired founders from around the world who will set the course for ground-breaking innovation in mobility, security, and the future of flight. Its vision is to continuously ignite interest in the wonder that is aerospace. Airbus is in its DNA, from a legacy of innovation and industry expertise to a global network. Yet Airbus Ventures operates with autonomy and trust, from the investments it makes to the technologies they develop; it independently supports entrepreneurs with unique ideas, plans, and structures. Airbus Ventures is headquartered in Silicon Valley and Paris and funds start-ups across the globe. For more information, visit http://www.airbusventures.vc/.
About WERU Investment
As a pioneer and innovator in venture capital in Japan for the past two decades, WERU Investment is deeply engaged in turning leading-edge technologies into game-changing global ventures by leveraging our strategic position as a conduit between government, business, and academia. With a focus on areas involving leading-edge science and technology, WERU works closely with researchers and entrepreneurs to identify the most effective ways to commercialize them. The company is strategically associated with Waseda University and headquartered near its campus in Tokyo, Japan. For more information, visit http://www.weruinvest.com.
D4V (Design for Ventures) is a new Japanese venture capital firm formed by global design firm IDEO and Genuine Startups. Our mission is to be a catalyst for Japanese start-ups and unlock their potential to succeed on a global scale. We enable Japanese ventures to create impact in the world through design, insight, capital, mentorship, and connection.
For more information, please visit http://d4v.jp.
About Sony Innovation Fund
Sony Innovation Fund is dedicated to engage with innovative early stage startups to help fuel development of disruptive technologies and launch of new businesses.
Beyond investment, our mission is to provide startups access to Sony and our worldwide network, advise startups to help them grow and collaborate with startups towards common successes.
About FreakOut Holdings
The FreakOut Group is a corporate group comprising the holding company, FreakOut Holdings, inc. and subsidiaries such as FreakOut, inc. that launched Asia's first DSP. With our technology, we are developing our business to a wide variety of industries with a mission of "GIVE PEOPLE WORK THAT REQUIRES A PERSON." on a global scale. For more information, visit https://www.fout.co.jp/en/.
About 500 Startups Japan
500 Startups is a global seed-stage venture capital firm with a network of startup programs headquartered in Silicon Valley and over $350m in committed capital. The $35m Japan focused fund, launch in February 2016 by James Riney and Yohei Sawayama, has invested in over 20 companies to date across a wide variety of areas including healthcare, bioinformatics, financial services, consumer internet, and enterprise software. 500 Startups Japan provides a global network and Silicon Valley knowhow to local startups so that they can compete on an international scale.
View original content with multimedia:http://www.prnewswire.com/news-releases/infostellar-closes-series-a-financing-round-with-73m-for-satellite-antenna-sharing-platform-with-lead-investor-airbus-ventures-300518579.html
SOURCE Infostellar Inc.