True Anomaly secures $100 million in funding for the expansion of space security technology

true anomaly has closed $100 million in new funding, a strong signal that the appetite for startups operating at the intersection of space and defense is not slowing down.

The new round was led by Riot Ventures with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures, Rocketship.vc, Champion Hill Ventures, and FiveNine Ventures. The funds will be used to continue expanding all parts of the business, according to a press release.

True Anomaly aims to fill critical gaps in space situational awareness and defensive operations through software and hardware, including a line of autonomous reconnaissance and tracking spacecraft called Jackals. These vehicles are equipped with an array of sensors and cameras to track, monitor, and collect data on objects in space. On the software side, the company is developing an integrated operating platform called Mosaic that will eventually be able to work in conjunction with the Jackal in orbit.

In a previous interview with TechCrunch, True Anomaly CEO Even Rogers pointed to a significant “information asymmetry” between the United States and its adversaries in space. Jackal, Mosaic, and the company’s other efforts in space domain awareness aim to fill that gap.

Founded in 2022 by a quartet of former Space Force members, the startup is rapidly moving towards this goal. During the company’s first full year of business, he opened his 35,000 square foot facility in Centennial, Colorado and doubled his headcount to more than 100 people.

In September, True Anomaly won a $17.4 million contract from the U.S. Space Force to help warfighters find and track objects in space, characterize those objects, and use artificial intelligence to predict changes in space. The agreement was signed to build a suite of space domain awareness capabilities, including prediction and identification. Object behavior.

The first two Jackal spacecraft are scheduled to launch on SpaceX’s Transporter 10 rideshare mission in March. In August, the company received permission from regulators to conduct imaging beyond Earth and demonstrate close space rendezvous operations with two spacecraft. This is such a huge technical challenge that I have no doubt that many people in both Silicon Valley and Washington will be paying close attention to how the demo mission unfolds.

Source: techcrunch.com

The Changing Debate on Fossil Fuels at COP28: Even if the Climate Summit Fails

Climate change protester Risipriya Kangujam takes the stage during the COP28 debate on December 11th

Dominika Zarzycka/NurPhoto via Getty Image

The COP28 climate summit in Dubai, United Arab Emirates, has gone into extra time, with a real possibility that negotiations will fail given how far countries are separated on the future of oil, gas, and coal. It has become a target. But whatever the outcome, this summit changed the way the world talks about fossil fuels and climate change.

“The calculations are being made for fossil fuels,” he says. David Waskow at the World Resources Institute, an environmental nonprofit organization. “This has put the issue front and center and changed the conversation around it, and I hope that will continue to be the case.”

At the summit, and in the months leading up to it, many countries and many civil society organizations lobbied for strong language on phasing out fossil fuels in any deal reached in Dubai. The phasing out of fossil fuels received unexpected attention near the end of last year’s COP27 summit in Egypt, but the role of fossil fuels in driving climate change as a major source of greenhouse gas emissions has never been more important. There has never been a COP with such continuous focus.

“Even a year ago, the historic debate on phasing out fossil fuels currently taking place at COP28 was completely unthinkable,” he says. Jonas Kuehl At the International Institute for Sustainable Development, Canada. “The joint efforts of nearly 130 countries and civil society forced them into a process that has been fruitless for many years.”

The draft core agreement, published on December 11, drew heavy criticism from a number of countries and organizations yesterday for not mentioning the phasing out of fossil fuels. However, the draft does mention the need to reduce the production and use of fossil fuels and makes two other references to these fuels. This alone represents a significant change from past summits, which referred to emissions but not major sources.

“This is the first COP to actually include the word fossil fuels in a draft decision,” he said. Mohamed Addo At Powershift Africa, a Kenyan energy think tank. “This is the beginning of the end of the fossil fuel era.”

Summit participants are fundamentally divided on what should be included in the agreement. High-income Western countries, as well as small island states and some low-income countries such as Colombia and Kenya, are demanding stronger language on ending the use of fossil fuels to be part of the agreement. We are united. But countries that rely on oil and gas revenues, and those that consider fossil fuel development essential to future development, oppose disqualifying language.

“The United States, Canada, and Australia are all fossil fuel producers, but they are all perfectly aligned with European countries,” he says. Andrew Deutz At the Nature Conservancy. “This puts even more pressure on fossil fuel producing countries.”

Countries that oppose language phasing do so for a variety of reasons. For example, the Group of African States, while not totally opposed to such an agreement, recognizes that any agreement would have different responsibilities and timelines for phase-out, and that it is important for countries to implement energy transitions. It claims to provide support to do so.

“Asking Africa to phase out fossil fuels is like asking Africa to stop breathing without life support,” Nigeria’s Environment Minister Isiak Kunle Salako said at a press conference at the summit on December 12. African ministers also emphasized the need for further support. This is to adapt to the climate change that is already occurring.

Nigeria is part of a group of oil-exporting countries called OPEC, and its members, especially Saudi Arabia, have been the strongest opponents of the phase-out. But the overwhelming focus on fossil fuels means it may not matter in the long run.

“I think because of the pressure from oil and gas interests, if we don’t agree to phase out fossil fuels here, it’s likely to be a pyrrhic victory for them,” he said. bill hare At the think tank Climate Analytics. “They would have kept it going, but they wouldn’t have stopped it.”

A complete failure at COP28 could help build momentum towards an unjust end to the fossil fuel era, Hare says. “Next year we’ll probably see more countries wanting to phase out fossil fuels, more countries thinking about it more and putting more pressure on oil and gas producers.”

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Source: www.newscientist.com

Blue Origin, founded by Bezos, plans to finally return with a long-awaited launch next week

blue origin aims to finally end the more than 15-month grounding of its New Shepard suborbital rocket, with the company today announcing it will fly unmanned missions as early as Dec. 18.

The company confirmed its release social media accounts Followed by Bloomberg reporting Content of internal email for new target date. The mission, called NS-24, will carry 33 scientific research payloads and other cargo.

The new Shepard has been grounded since September 2022, when an engine nozzle problem triggered an automatic shutdown and released the unmanned capsule from its booster. The capsule landed safely. The booster was destroyed upon crashing to Earth. (This mission was also unmanned.)

The Federal Aviation Administration formally closed its investigation into the crash in September and directed Blue Origin to take 21 corrective actions, including redesigning engine and nozzle components and “organizational changes.”

This new launch date means Blue Origin has implemented all measures and received a revised launch license from the FAA. The amended license expires in August 2025 and is limited to launches only from Blue Origin’s West Texas facility, according to the regulator’s website.

Blue Origin has ambitious projects in development, including a heavy-lift rocket called New Glenn, which aims to take flight late next year, and a lunar lander called Blue Moon, for which it is seeking a $3.4 billion contract from NASA. The Shepard Flight Program is the only one currently in operation. To date, the vehicle has flown over his 22 flights, taking 31 people (including CEO Jeff Bezos himself) to the edge of space and back.

Source: techcrunch.com

Give Your Proposal Materials a Refresh with These Tips

The holidays are in full swing. So when people go on vacation, they might start receiving auto-reply emails.

But don’t let a relatively quiet holiday stop you from fundraising. According to DocSend’s report on funding trends, young startups don’t seem to be getting as much attention. This means that they have been trying to attract investors’ attention without success. For example, investors are spending less time on the “product” and “business model” slides, and significantly more time on the “competitor” slides.


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Now is the perfect time to brush up your pitch deck, practice your pitch, and be ready for when it starts again next year, writes resident pitch deck expert Haje Jan Kamps.

thank you for reading!

Karin

secondary, venture secondary,

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As I wrote last week, if startup IPOs pick up in 2024, as many predict, the secondary market could start to return to normal. But what are investors in the secondary venture market thinking now? One of the things venture reporter Rebecca Skutak found in her research is that LPs don’t actually want liquidity as much as you think.

Deep tech startups should use these 4 techniques when raising capital

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Roman Axelrod, founder of smart contact lens maker XPANCEO, knows a thing or two about raising capital for deep technology startups. His company just raised a $40 million seed round. He offers his four tips on what to focus on when raising capital for his own deep tech business.

Why internal platforms can undermine your business strategy

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That’s natural. It’s better to build tools in-house than to buy or subscribe to them from a vendor. Having control over every aspect of your business reduces costs and even increases efficiency.

But not so soon, says Asanka Abeysinghe, CTO of WSO2. Having complete control over everything is an “illusion” and “leads organizations down a path full of unforeseen challenges and constraints.” What may seem like a comprehensive solution at first, quickly becomes can turn into a quagmire of rising costs, lack of focus, and suffocating complexity. ”

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Startups need to master operations

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“While technological innovation gets most of the glory, operational innovation is the next big leap for companies looking to gain a competitive edge,” writes Accelsius CEO Josh Claman. He offers some tips on how companies should think about innovation rather than improvement and excellence.

Source: techcrunch.com