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ExLabs raised $1.9M in a tactical funding increase to accelerate development of the ACQR system.

Jun 24, 2024•about 1 year ago

Amount Raised

$1.9 Million

Round Type

seed

Long BeachAerospace

Investors

Private Investment

Description

ExLabs, a Long Beach, CA-based space exploration company, raised $1.9M in tactical funding increase to accelerate the development of its Autonomous Capture & Acquisition Robot (ACQR) system for capturing and controlling non-cooperative objects in space.

Company Information

Company

ExLabs

Location

Long Beach, California, United States

About

ExLabs is a next-generation aerospace company focused on advancing space resource utilization through large-scale infrastructure development. We aim to unlock space's vast resources and create sustainable solutions benefiting humanity. With our large-scale modular spacecraft platform, we offer high-power utility and payload capacity, leveraging advanced wire arc additive manufacturing methods for cost-effective, time-saving solutions. Recognizing the advantage of scale, we provide large platform infrastructure to support on-orbit manufacturing, civil science, national defense, and more. We aim to address critical challenges such as space debris and planetary defense. Committed to sustainability, we're developing this technology to enable asteroid resource capture and utilization, enabling the healing of our home planet and fostering scientific research and commercial ventures.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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