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Kayhan Space Raises $7 million in Funding

Kayhan Space
Credit: Kayhan Space

Ibadan, 20 September 2023. – Kayhan Space, a provider of high-performance software and solutions for space mission operations, have announced that it raised $7 million in an oversubscribed seed extension round to accelerate commercial delivery of the industry’s first autonomous space traffic coordination (STC) framework at the core of its all-new Pathfinder™ 3.0 spaceflight safety platform. Venture capital firms Space Capital and EVE Atlas have funded the extension round following in-depth reviews of the company’s technology roadmap.  In addition, the company aims to leverage new funding to open an office in Washington, DC, and scale its U.S.-based team of 20 employees to more than 30, adding executives and specialists in key roles.

Pathfinder 3.0 provides major new features that combine conjunction risk assessment, optimized collision avoidance maneuver planning, and for the first time, the ability to autonomously pre-coordinate maneuver responsibility and event mitigation status at the machine-to-machine level using the Space Safety Coalition (SSC) Best Practices for the Sustainability of Space Operations. Pathfinder 3.0 is the first commercially available software platform that incorporates the SSC’s Rules of the Road (RotR) as optional presets for establishing maneuver responsibility, as well as other best practices and recommendations, into a mature software-as-a-service (SaaS) application that owner-operators can deploy and automate in their day-to-day satellite operations.

Thiago Olson, Founder and Managing Partner of EVE Atlas, stated, “Kayhan Space is leading mission-critical developments across an impressive lineup of space situational awareness software solutions that are making it possible for satellite and mission operators to scale their fleets with confidence,” Olson further stated,  “EVE Atlas is excited to be an investor in Kayhan Space and its spaceflight safety technology breakthroughs at this pivotal time, as an unprecedented number of satellites and mission spacecraft are taking flight throughout increasingly busy orbits.”

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