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Business/Financial

Boeing HorizonX Invests In Advanced Satellite Communications Company

By Cal Biesecker

Monday, September 10th, 2018

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Boeing HorizonX Invests In Advanced Satellite Communications Company

Previous HorizonX investments include the satellite communications startup BridgeSat, now BridgeComm Inc. BridgeComm graphic.

Boeing [BA] on Monday said its venture arm HorizonX has made an investment in BridgeSat Inc., a small company developing satellite ground stations based on optical technology for secure, cost-effective transmission of large amounts of data between the stations and satellites.Boeing led a $10 million Series B investment that also includes the venture capital firm Allied Minds, which is focused on commercializing intellectual property. Boeing didn’t disclose the amount of its investment. BridgeSat is a portfolio company of Allied Minds.BridgeSat…

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