Aerospace software startup sets sights on space ecosystem

February 14, 2020 //By Rich Pell
Aerospace software startup sets sights on space ecosystem
Aerospace software and investment startup NewSpace Networks (San Jose, CA) has announced that it is raising $200 million to transform the aerospace industry from being hardware focused to being software-centric by leveraging terrestrial paradigms such as virtualization, edge computing, and the cloud.

It plans to accomplish this transformation, says the company, through a combination of acquisition, investment, and internal product development. The company, whose founders have decades of experience across aerospace, cloud, information security, and networking, says it already has products under development that will be available later this year, along with key acquisition targets identified and in process.

"Digital terrestrial transformation would not be occurring without the Internet and Cloud computing," says NewSpace's co-founder, Shaun Coleman. "The successful commercialization of space will only be achieved with similar software-based infrastructure to innovate upon. Yet, today there is no purpose-built Amazon AWS, VMware, or Cisco for aerospace deployments. NewSpace is building, partnering and acquiring this much-needed capability."

During the next five years, according to reports, $48 billion will be spent deploying over 10,000 next-generation communication satellites that will connect to more than 15 million remote locations around the globe. These require a wide-ranging set of advanced two-way communication solutions in order to maximize network efficiency.

In addition, the explosion of remotely-generated data by a variety of devices is expected to produce over 175 zettabytes annually by 2025, stressing current cloud connectivity and necessitating data reduction at the source. These two market dynamics, says the company, will create significant new opportunities and the need for a more holistic approach to the way solutions are designed and built.

Currently, deploying aerospace infrastructure is slow, costly, and highly proprietary, which limits its use to a very small segment of the commercial and government market. NewSpace is looking to change this by addressing four areas: affordability, efficiency, scalability, and adaptability to multiple market segments.

The company has developed a targeted list of integrated innovations and investment areas. Its initial products will address the unique challenges of edge computing via space connectivity.

Additional technologies will include:

  • Data analytics and analysis
  • Cloud integration
  • Network optimization
  • Virtualization & Hyperconvergence
  • Space and air integration
  • Security and encryption
  • Application lifecycle management
  • IoT

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