Space Networking Startup Closes $375M Series C Raise, Bringing Valuation to $2B
The round will fund production, hiring and network expansion as active satellites have climbed from about 3,000 in 2020 to more than 14,000 by 2025, the company said.
- On Monday, Northwood Space announced it raised $375 million in a Series C funding round, valuing the space infrastructure company at $2 billion; Andreessen Horowitz and DFJ Growth co-led the investment.
- Active satellites surged from about 3,000 in 2020 to more than 14,000 by 2025, creating demand that co-founder and CEO Bridgit Mendler said has left ground infrastructure "neglected for decades."
- Northwood manufactures Portal phased arrays and Prism high-throughput dishes at a 185,000-square-foot Torrance factory, with new sites deployable in three months and antennas ready for live links in four hours.
- The company plans to add 400 jobs over three years, expanding its workforce of more than 140 employees, while HSBC Innovation Banking provided a credit line to support working capital and network growth.
- By the end of 2027, Northwood expects sites to reach speeds of 100 gigabits per second in high-demand regions, with the company planning to announce several network expansions in the first half of 2027.
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Startup Funding News Today, November 2, 2026: Northwood Space, Hypersonica, RoboScience & More - Tech Startups
Venture capital is moving into the physical infrastructure behind the next wave of technology. Space communications, advanced semiconductors, autonomous robots, missile technology, and industrial automation dominated the most significant startup funding announcements over the past 24 hours. Northwood Space led […] The post Startup Funding News Today, November 2, 2026: Northwood Space, Hypersonica, RoboScience & More first appeared on Tech Startu…
Northwood Space raises $375M Series C at a $2B valuation from a16z and DFJ Growth
Space infrastructure company Northwood Space on Monday said it had raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion.
Space networking startup closes $375M Series C raise, bringing valuation to $2B
Northwood, a space startup focused on building a shared ground network at scale to connect satellites to Earth, closed on its latest fundraising round worth $375 million, which the company said puts its overall valuation at $2 billion just two and a half years after Northwood started, the company announced today. Northwood will use the funding to speed delivery for existing contracts and work on building out the company's global ground network f…
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