The company manufactures of micro and nano satellites and develops of machine-to-machine wireless communication and earth observation technologies. It was founded in 2011, by entrepreneurs and industry experts with backgrounds from NASA, RapidEye and the Russian space programme, with the aim of developing low-cost infrastructure for rapid monitoring of ground assets and activity.
The production start of the first satellite is due this year with support from Roscosmos, the Russian Federal Space Agency.
The investment will be used for working capital to serve existing contracts, technology development and new satellite platforms, it said.
“I2BF sees a rising opportunity for scarce resources management and discovery through innovative space applications. Our investment in Dauria Aerospace reinforces our intention to grow our exposure to this exciting new frontier,” said Ilya Golubovich, founding partner of I2BF Global Ventures. “The aerospace sector is ripe for brilliant entrepreneurs, engineers and scientists to build off the foundation that national programs have put in place.
“With facilities in California’s NASA Ames Research Park, DLR incubator in Munich, Germany and in Innograd Skolkovo Moscow, Russia, Dauria represents the next generation of global aerospace startups, collaborating and working across borders with applications that can directly benefit areas such as agriculture, disaster prevention, water control and resource management.”
In 2012, the global satellite industry saw $190bn in revenue, broken down by satellite services, launch industry, satellite manufacturing and ground equipment. Dauria Aerospace’s operations touch almost all of these subsectors, with an overall strategic goal of establishing a low-cost infrastructure for rapid monitoring of ground assets and activity, according to Mikhail Kokorich, president of Dauria Aerospace.
“In the two years since Dauria Aerospace was founded, we’ve reached several key milestones in technology development and have successfully secured contracts and established our global presence,” said Kokorich. “We are confident that with our new partnership with I2BF Global Ventures and the invested capital, we will succeed in reaching our amplified goals in the next few years.”
I2BF Global Ventures manages over $195m across four venture capital vehicles.
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