What does Astrolight do?
Astrolight is a space communications company based in Lithuania that is developing a dual-use optical communication architecture. The platform is designed to handle both space-to-space and space-to-ground links, offering optical communication as a service by connecting its own and partner optical terminals with a robust ground infrastructure.
How much did they raise?
The company raised €2.8M in a Seed funding round led by Balnord, with participation from investors including EIFO, Coinvest Capital, 3NGLS, and Rita Sakus. This round is aimed at accelerating product development and scaling their technology.
What are their plans for the money?
With the new funds, Astrolight aims to accelerate the development of its laser-based end-to-end communication platform. The investment is expected to enhance the company's capacity to deliver secure, high-speed connectivity solutions for both space and ground communications.
What have they achieved so far?
Under the leadership of CEO Laurynas Mačiulis, Astrolight has already made progress in building a dual-use communication system that integrates optical links between satellites and ground stations, positioning itself as a potential leader in the space communications industry.
