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True Anomaly Raises $100 Million in Series B Funding 

Jackal autonomous orbital vehicle. Credit True Anomaly
Jackal autonomous orbital vehicle. Credit True Anomaly

London, 14 December 2023.- True Anomaly, an aerospace company based in Colorado, announced on the 12th of December that it has closed a $100 million Series B equity raise. The round was led by Riot Ventures with participation from Eclipse, ACME Capital, Menlo Ventures, Narya, 645 Ventures,, Champion Hill Ventures, and FiveNine Ventures.  

True Anomaly was founded in 2022 to build solutions addressing space domain awareness, security, and readiness challenges. This includes a combination of dynamic software applications as well as on-orbit spacecraft performing rendezvous and proximity operations (RPO), and non-Earth imaging (NEI). True Anomaly also offers solutions for space operator training, capabilities training, and rapid response missions. 

In the company’s first full year of operations it opened its GravityWorks spacecraft manufacturing facility in the Denver Tech Centre and doubled its staff from 50 to more than 100 employees. Alongside this, True Anomaly is expanding its Executive Leadership Team to scale the business with Mark Seidel joining as Chief Financial Officer and Diana Lovati as Chief Information Security Officer in 2023. 

“We’ve had the unique privilege of working with True Anomaly since inception,” said Will Coffield, Co-Founder and General Partner at Riot Ventures. “Doubling down in this round is a reflection of the exceptional execution we’ve witnessed over the last two years. The U.S. and its allies face intense national security challenges in the space domain, and we believe True Anomaly is going to be the company that delivers the core set of capabilities to offset those threats.”

True Anomaly recently completed the build, assembly, and integration of its first two Jackal autonomous orbital vehicles (AOVs), which are slated to launch aboard SpaceX’s Transporter-10 mission in 2024.

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