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LeoLabs lands $29M to dodge space junk with AI smarts

Feb 12, 2024 - theregister.com
LeoLabs, a company that catalogs objects in low Earth orbit, has raised an additional $29 million in funding for its AI-powered tracking technology. This brings the company's total funding to around $121 million. The funds will be used to enhance LeoLabs's architecture and system software, as well as end user applications and partner integrations. The company uses AI algorithms to convert data from its sensor network into insights for space operators, and has the world's largest commercial orbital catalog.

The oversubscribed funding round indicates the growing concern over the state of orbital space. LeoLabs issues alerts about potential collisions and provides a visualization tool for understanding the issue. The company was recently chosen by the US Space System Command for the Space Domain Awareness Tools, Applications, and Processing Accelerator program. LeoLabs, co-founded by former NASA astronaut Ed Lu, also supported the re-entry of ESA's Aeolus satellite.

Key takeaways:

  • LeoLabs, a company that catalogs objects in low Earth orbit, has raised an additional $29 million in funding, bringing its total to approximately $121 million.
  • The company uses AI algorithms to turn data from its sensor network into insights for space operators and has the world's largest commercial orbital catalog.
  • The US Space System Command recently selected LeoLabs for the Space Domain Awareness Tools, Applications, and Processing Accelerator program, which will allow the company to demonstrate its AI-powered solutions for Combat ID and Space Battle Management.
  • LeoLabs was co-founded by former NASA astronaut Ed Lu and is based in California. It was established in 2016 and also provided tracking support for the re-entry of ESA's Aeolus satellite.
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