The Eutelsat Group has confirmed that it is a part of Seraphim Space’s SSV II venture capital fund. The goal of Eutelsat’s investment is to promote Seraphim’s portfolio of innovative start-ups by encouraging technological innovation in the space domain.
The development of cutting-edge capabilities to satisfy the expanding market need for advanced data services, worldwide networking, and Earth observation will be aided by this partnership between Eutelsat Group and Seraphim. The investment demonstrates Eutelsat Group’s commitment to staying on the cutting edge of innovation and advancing cutting-edge technologies that have the potential to revolutionize the space sector.
SSV II will be especially focused on using artificial intelligence (AI) for in-orbit computers, space-enabled communications, and space data.
Eutelsat Group and Seraphim Space are excited to get started on this exciting partnership, which will open the door for further advancements in space domain and beyond.
“We are thrilled to make an investment in Seraphim Space, a prominent leader in the worldwide space technology industry. Through this relationship, we can collaborate directly with innovative businesses, which strengthens our ability to develop and provide cutting-edge connectivity solutions. In order to influence the direction of satellite communications and space services, we are excited to collaborate with Seraphim and its portfolio of start-ups”, stated Guillaume Scottez, the Eutelsat Group’s Chief Innovation Officer.
CEO of Seraphim Space Mark Boggett said, “We are pleased to add Eutelsat Group, a pioneer in satellite communications and a strong supporter of NewSpace, to strengthen Seraphim Space’s heavyweight industry and corporate backing. Together, we hope to strengthen our capacity to assist innovative space enterprises who are advancing notable developments in the space sector. Together, we are well-positioned to support the next wave of innovation in satellite infrastructure, services and beyond.”
