Skynopy funding news – Spacetech Startup Skynopy Secures $3.1 Million in Funding

Alongside well-known businesspeople like Thibaud Elziere (e-founders, Hexa) and Yohann Leroy (CEO of Maia Space), the round was supported by a group of investors that included the European fund Heartcore Capital (invested in FlexAI and Finematter), Kima Ventures (invested in Tulyp and Hylight), Better Angle, and BPI France.

With this initial finance, Skynopy will be able to meet the increasing demands of the quickly growing space sector by developing its turnkey connection service for LEO (Low Earth Orbit) satellite operators.

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It will also allow the business to expedite the commercial rollout of its ground station product. In order to execute its turnkey connection vision and integrate initial ground station networks, the business has already signed industrial collaborations. Lastly, the company will be able to reorganise its teams by hiring new members thanks to this cash.

Yohan Pereira, Representative of Heartcore Capital said, “Skynopy offers an innovative solution to a major challenge in the space industry. Pierre and Antonin’s profound market knowledge, coupled with their ambitious international vision— made obvious through their significant contributions to Loft’s success in Europe — strengthens our belief in their ability to revolutionise the satellite connectivity sector. We are fully convinced of their transformative potential and are thrilled to be part of the Skynopy journey.”

Using its hybrid network of ground antennas, the spacetech business provides worldwide satellite operators with a smooth and streamlined solution for connecting their satellites.

Its strategy, which offers seamless satellite connection akin to that of a cell phone, frees operators to concentrate on their missions rather than the technical aspects of connectivity or the expensive internal infrastructure of ground antennas.

By creating universal connectors that can interface with current ground station networks, Skynopy is able to expand considerably more quickly than it could with a more conventional method. By employing this tactic, Skynopy can provide high-bandwidth communication while lowering its capital expenditure requirements, thereby establishing itself as the Airbnb of ground antennas.

Pierre Bertrand, CEO of Skynopy, commented: “The ground segment, and specifically ground stations, is the third pillar of any space infrastructure, alongside the launch vehicle and the satellites. Today, industrial players and public policies have tended to underestimate this essential pillar, which is crucial for data creation and retrieval, representing up to 20% of a mission’s cost. Skynopyaims to solve this deadlock and offer a true innovation in the business model. In this context, this funding round marks a major milestone for Skynopy and the development of the first seamless satellite connectivity service, meeting the growing needs of the space industry.

Lionel Suchet, Director of Innovation, Applications, and Science at CNES added: “Skynopy’s ground station service addresses a well-identified commercial need within the satellite ecosystem, thus filling a commercial and industrial gap. Such a player, with sufficient commercial traction, can leverage major advantages, whether geographical, industrial, or institutional.”

About Skynopy

Skynopy, a company founded in 2023 by former Loft Orbital directors Pierre Bertrand and Antonin Hirsch, seeks to provide low-orbit satellites and the constellation industry with the ease of mobile phone connectivity.