The New Space market is driven by privatisation and commercial goals that give birth to new space services and applications. The demand for significant processing power, storage, and better intelligence creates a huge market potential. Yet, the scale of computing capabilities required for New Space applications is not available today due to environmental challenges such as radiation and extreme temperatures.
Powered by its unique AI/ML processors, Ramon.Space’s software-defined systems enable the realisations of earth-like computing capabilities in space.
Plans to commercialise its platform
Based out of California, the company has raised $26 million in funding from Ingrasys, a subsidiary of Foxconn Technology Group and the world’s largest manufacturer of server and storage platforms, and the Strategic Development Fund (SDF), an Abu Dhabi-based strategic investment firm that recently backed EdgeQ.
The round also saw additional participation from existing investors, Grove Ventures, Deep Insight and UMC Capital. The investment from Ingrasys follows the recently announced strategic agreement to manufacture Ramon.Space’s computing products globally.
The fresh funds will enable Ramon.Space to grow its company and continue to commercialise its space-resilient computing platform, reach new markets, and solidify its global presence in response to the surge in demand for advanced computing solutions in space.
“Space-grade computing solutions have become an essential foundation for the evolution of the space economy. The demand from satellite manufacturers, operators and service providers for such solutions is growing, driven by new business models and a goal to maintain agility of services in orbit. This new investment will allow Ramon.Space to scale its organisation to meet market needs,” said Avi Shabtai, CEO of Ramon.Space. “We are honored to receive a vote of confidence from global leaders as we continue to increase our reach of enabling data-driven insights from space.”
“As the world leader in cloud and enterprise computing manufacturing on the Earth, it’s a natural step to expand into computing infrastructure in space and we are truly excited to be part of the space industry,” said Benjamin Ting, CEO, Ingrasys. “Space computing is the foundation to leverage the infinite potential of space and we recognised that investing and partnering to manufacture Ramon.Space products was the perfect strategic move as they are the leader in this field.”
“The trends and forecasts within the industry clearly indicate that advanced computing infrastructure is crucial for the future of space,” stated Mohamed Musabah Al Mazrouei, Director of Investments and Portfolio Management at SDF. “Our decision to invest in Ramon.Space is in perfect alignment with our strategic mandate, which emphasises a focus on the space sector through Private Equity and Venture Capital. This venture capital investment not only enhances our portfolio, but also opens up potential avenues to seek synergies and foster partnerships, both within the UAE and globally.”
Opens new era of space computing infrastructure
Led by Avi Shabtai, Ramon.Space has developed and deployed its SW-based computing technology to store, process and analyse large amounts of data in orbit. By equipping satellites with powerful computers that have advanced storage, computing, and connectivity capabilities, its solutions enable data-driven applications and services in space, unlocking new business opportunities and driving growth in the space economy.
The company leverages its in-house radiation-hardened technology to support reliable, future-proof missions. The Ramon.Space computing platform includes a set of products targeting storage, processing, and communication solutions, namely NuStream, NuPod and NuBox. Its computing technology has been used in over 50 deep space missions to date.
The company equips satellites with powerful computers that have advanced storage, processing power, and connectivity capabilities needed to drive data-driven applications and services in space and in real-time. Ramon.Space’s technology enables a wide range of applications in different space sectors ranging from satellite communications and remote sensing to autonomous robotics spacecraft and space exploration.
