- Satellite Evolution
Disruptive space startup Inversion announces close of US$10 million seed funding round
Inversion, a disruptive startup building the first low-cost, high-cadence return capability from space for the commercial and defense industries, today announced the close of its seed round, totaling $10 million, led by Spark Capital with participation from Y Combinator, Embedded Ventures, Funders Club, Liquid 2 Ventures, and notable angel investors including Kyle Vogt of Cruise, David Hodge and others.
Headquartered in Los Angeles, Inversion has a relentless focus on simplifying operations and design to reduce technical risk and overall costs while also shortening timelines. The Arc capsule offers a no-frills design, innovating in key places to improve capabilities for Inversion's customers.
Inversion is also working to develop and test Arc's systems on a smaller capsule named Ray, a test bed to quickly iterate Arc's systems through real-world testing. Inversion is moving at an incredible pace, and is well on track for Ray's first mission, scheduled to launch and return in 2023.
Please see below for additional information on Inversion and Embedded Ventures, and let me know if you would be interested in speaking with Fiaschetti of Inversion or Jenna Bryant and Jordan Noone of Embedded Ventures further about the announcement.