Eutelsat Group has confirmed its participation in Seraphim Space’s second venture capital fund, SSV II. This investment fosters technological innovation within the space sector by supporting dynamic start-ups in Seraphim’s portfolio.
Through this partnership, Eutelsat Group and Seraphim will advance capabilities to meet the growing market demand for global connectivity, Earth observation, and advanced data services. The investment is a testament to Eutelsat Group’s unwavering commitment to leading innovation and supporting emerging technologies that will revolutionize the space industry.
SSV II will apply Artificial Intelligence (AI) to space data, in-orbit computing, and space-enabled communications.
Eutelsat Group and Seraphim Space are eager to begin this promising collaboration, which will pave the way for new advances in the space domain and beyond.
Guillaume Scottez, Chief Innovation Officer at Eutelsat Group, expressed his enthusiasm about the investment in Seraphim Space, a leading global player in space technology investment. This partnership opens doors for us to closely engage with groundbreaking companies, enhancing our capacity to innovate and deliver next-generation connectivity solutions. We are eagerly looking forward to working with Seraphim and its portfolio of start-ups to shape the future of satellite communications and space services.
Mark Baggett, CEO of Seraphim Space, added: “We are thrilled to strengthen Seraphim Space’s heavyweight industry and corporate backing with the addition of Eutelsat Group, a trailblazer in satellite communications and a strong advocate for NewSpace. We look forward to working together to amplify our ability to support pioneering space companies driving significant advancements in the space sector. Together, we are well-positioned to support the next wave of innovation in satellite infrastructure, services, and beyond.”