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Golbriak Space raises €4M for laser links to satellites and aircraft; source photo shows company team.

Golbriak Space raises €4 million for laser links to satellites and aircraft

Article image: Tech.eu

Golbriak Space has raised €4 million in a seed round co-led by Join Capital and PhotonVentures, according to Tech.eu. Takeoff participated through CDP accelerator, managed by Plug and Play, with the investment made into Italian holding company Iribits S.r.l. The Estonian business develops laser communication systems for space and airborne platforms and plans to expand production. Negotiations involving thousands of terminals are prospects, not confirmed delivered systems.

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DTT summary based on Tech.eu's report. The full article is on the publisher's site.

Round details
Round

€4 million seed, announced 8 October

Co-leads

Join Capital and PhotonVentures

Participant

Takeoff (CDP accelerator, managed by Plug and Play); investment into Iribits S.r.l., the Italian holding company

Commercial status

Thousands of terminals are in talks, not delivered orders

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