Eutelsat Group invests in Seraphim Space

Eutelsat and Seraphim aim to enhance global connectivity, Earth observation, and data services. (Image source: Adobe Stock)

Eutelsat Group has announced its participation in Seraphim Space’s second venture capital fund, SSV II

This investment is intended to drive technological innovation in the space industry by supporting the dynamic start-ups within Seraphim’s portfolio.

Innovating space connectivity

Through this collaboration, Eutelsat Group and Seraphim aim to enhance the development of advanced capabilities to address the increasing demand for global connectivity, Earth observation, and advanced data services. This investment highlights Eutelsat Group’s commitment to staying at the cutting edge of innovation and backing emerging technologies poised to revolutionise the space sector.

SSV II will particularly emphasise the use of Artificial Intelligence (AI) for space data, in-orbit computing, and space-enabled communications.

Both Eutelsat Group and Seraphim Space are excited to embark on this promising partnership, setting the stage for significant advancements in the space industry and beyond.

“We are excited to invest into Seraphim Space, a leading global player in space technology investment. This partnership allows us to closely engage with groundbreaking companies, enhancing our capacity to innovate and deliver next-generation connectivity solutions. We look forward to working with Seraphim and its portfolio of start-ups to shape the future of satellite communications and space services,” said Guillaume Scottez, chief innovation officer at Eutelsat Group.

Mark Boggett, CEO of Seraphim Space, commented, “We are thrilled to strengthen Seraphim Space’s heavyweight industry and corporate backing with the addition of Eutelsat Group, a trailblaser in satellite communications and a strong advocate for NewSpace. We are looking forward to working together to amplify our ability to support pioneering space companies that are driving significant advancements in the space sector. Together, we are well-positioned to support the next wave of innovation in satellite infrastructure, services and beyond.”