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The startup, led by Alpine Space Ventures Partner & former SpaceX VP Bulent Altan, will leverage finances to satisfy the rising demand for smallsat-focused solutions.
Fremont, CA: Morpheus Space is a prominent provider of the most versatile and effective electric propulsion systems for spacecraft. Its technology challenges the New Space business with Sphere Flow, a merger of cutting-edge electric propulsion and artificial intelligence that enables genuinely dynamic constellations. The solution allows device satellite service providers to run whole constellations as a single entity by leveraging the world's smallest and perhaps most efficient space propulsion technology, which can serve satellites weighing 1Kg to >1000Kg.
Morpheus Space completed a 28 million dollars Series A investment round headed by Alpine Space Ventures, a space-specific venture capital firm. Alpine was joined by Morpheus Ventures and returning investors Vsquared Ventures, Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Ventures, and Techstars Ventures.
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Morpheus Space will use the funding to grow and strengthen its production capabilities, including the establishment of a new plant in Dresden, Germany. The decision was motivated by the rapidly expanding demand for electric propulsion devices as brands coalesced behind developing tiny satellite-focused constellations. In just two years, the number of tiny satellite launches has increased approximately 450 percent from what it was in 2019, presently approaching 1,800 each year. As organizations continue to organize around a commercial future for space, that number gets projected to grow as smaller space economies, and new entrepreneurs become more familiar with contemporary satellite mobility protocols and practices. With current supply chain constraints and the lingering impacts of COVID, satellite firms have found it more challenging to locate partners that can satisfy their scaling demands promptly. Morpheus can grow and future-proof its manufacturing capacity, allowing it to fulfill current and predicted demand easily.
Morpheus officially launched in 2018 and closed its seed round in 2020. Since then, the company's staff has increased by 8x, and the number of contracts has risen by over 250 percent year on year. Despite increased demand, the firm remains a small, tight-knit organization comprised mostly of engineers and software developers. A part of the funds will increase staffing across several specialties and levels to reach over 100 employees across multiple time zones during the next 6 to 12 months.
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