The company plans to launch satellites into geostationary orbit, farther from the earth, and in a location that will remain fixed. Astranis' goal is to put up satellites that are capable of providing immediate connectivity to broadband internet access to an estimated 4 billion people.
Astranis plans to send one satellite at a time to slots in geostationary orbit, 22,000 miles high, where each satellite can beam data up and down on a steady basis. Astranis plans to have its first operational satellite sent to geostationary Earth orbit in 2019.
On March 22, 2016 Astranis announced raising $120,000 in seed funding from Y Combinator, S2 Capital, Refactor Capital, Fifty Years, ACE & Company, Wei Guo, Samvit Ramadurgam, Lars Rasmussen, and Jaan Tallinn.
On March 1, 2018 Astanis announced raising $13.5 million in series A funding from Andreessen Horowitz (lead investor), Y Combinator, Refactor Capital, Indicator Fund, and Fifty Years.
Astranis raises a $13,500,000 series A round from Andreessen Horowitz, Y Combinator, Refactor Capital, Indicator Fund and Fifty Years VC.
Astranis raises $90 million in Series B funding round led by Venrock, with a sizeable contribution by existing investor Andreessen Horowitz.
Amy Gu @ Hemi Ventures
Co-founder and CEO
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- OneWebOneWeb is a telecommunications company.
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