Ramon.Space lifts off with $26 million for its space computing infrastructure
Ramon.Space lifts off with $26 million for its space computing infrastructure
“Space-grade computing solutions have become an essential foundation for the evolution of the space economy,” said CEO Avi Shabtai
Space-resilient computing infrastructure company Ramon.Space has announced that it has raised $26 million in funding from Ingrasys, a subsidiary of Foxconn Technology Group, and the Strategic Development Fund (SDF), an Abu Dhabi-based strategic investment firm. The funding also included additional participation from existing investors Grove Ventures, Deep Insight, and UMC Capital. The investment from Ingrasys follows a strategic agreement to manufacture Ramon.Space’s computing products globally and help grow the company amid a rise in demand for advanced computing solutions in space.
“Space-grade computing solutions have become an essential foundation for the evolution of the space economy,” said Avi Shabtai, CEO of Ramon.Space. “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 organization to meet market needs. 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.”
Ramon.Space has developed an SW-based computing technology to store, process, and analyze large amounts of data in orbit. Its solutions help data-driven applications and services in space, can help unlock new business opportunities, and contribute to the growth of the space economy. The Ramon.Space computing platform includes products that target storage, processing, and communication solutions such NuStream, NuPod, and NuBox.
The company’s software-empowered systems are powered by its AI/ML processors and have already been deployed in space and used in more than 50 deep space and satellite missions in the solar system without reported failures. Ramon.Space has offices on Earth in the U.S and Israel.
