ATLAS Space Operations has raised $15 million in its latest growth investment round.
ATLAS, a Ground Station as a Service (GaaS) and Ground Software as a Service (GSaaS) provider, operates the US owned and operated global federated ground network, enabling seamless data transmission and reception for spacecraft operators. Its services support a wide range of missions across the commercial, civil, and defense sectors, facilitating secure, scalable, and real-time access to space-based data.
The ATLAS network comprises over 50 antennas across more than 34 ground stations and provides for LEO, MEO, and GEO orbits. Operating through the company’s proprietary Freedom® Software, the ATLAS federated network integrates intricate and diverse antenna networks into a unified solution for commercial and government clients.
Freedom software simplifies spacecraft communication, from single satellites to constellation management, making it faster and more economical for customers. Freedom offers customers a secure, singular access point to the entire ATLAS network, featuring rapid onboarding capabilities. This software enables customers to manage their spacecraft with automated communications, dynamic flex scheduling, millions of data points, and near real-time troubleshooting capabilities.
Since ATLAS was founded in 2015, it has become a central part of the global space ecosystem. The company boasts a 100 percent contract renewal rate with its customers, who rely on its effective ground station services as critical infrastructure for their space missions. This success underscores ATLAS's vital role in ensuring mission success and the deep trust it has cultivated among customers.
The $15 million investment led by NewSpace Capital will enable ATLAS to meet industry demand and manage the rapid growth it is experiencing. The investment demonstrates strong confidence in ATLAS’ Ground Software as a Service (GSaaS) approach as a vital solution for the space economy. It will be able to call on NewSpace Capital’s extensive experience in the space sector, and a leadership team that includes seasoned industry and financial professionals as well as globally renowned space scientists.
Existing investors, including Michigan Capital Network, Beringea, Wakestream Ventures and Boomerang Catapult, as well as new investors Michigan Rise and Red Cedar Ventures, also participated in the round. ATLAS was advised throughout the process by GH Partners and Cooley LLP.
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