#SANTA FE, N.M. — Japanese Earth observation company #Axelspace has raised nearly $44 million to both expand its satellite constellation and provide smallsats for other applications.
The Tokyo-based company announced Dec. 21 that it raised 6.24 billion yen ($43.9 million) in a Series D round from several Japanese companies and venture funds. The company, which last raised 2.58 billion yen in a Series C round in 2021, has brought in 14.3 billion yen since its founding in 2008.
The company currently operates five microsatellites that provide medium-resolution imagery through a service it calls AxelGlobe. Four of those #satellites launched in 2021, three years after its first satellite. #Axelspace said the new funding will support expansion of its satellite constellation but did not provide details about the plans

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