The Swiss space company SWISSto12 has completed a Series C funding round of US$70 million, intended to meet growing demand in the multi-orbit satellite sector.
SWISSto12 has just completed a Series C funding round, raising US$70 million. This financing will allow the Swiss company to meet the accelerating demand in the market for multi-orbit constellations and architectures.
Founded in Switzerland, SWISSto12 has established itself in the manufacture of components and satellites using 3D printing, a technology that reduces costs and production times. The company's clients include institutional and commercial operators worldwide.
This new round of financing brings the total capital raised by the company to a significant level, which intends to accelerate its industrial capacity to meet current and future orders in a European space sector undergoing a major restructuring.
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