Space technology company Ramon.Space has raised $26m in funding from Ingrasys, a subsidiary of Foxconn Technology Group, and the Strategic Development Fund (SDF), an Abu Dhabi-based strategic investment firm, with additional participation from existing investors, Grove Ventures, Deep Insight and UMC Capital.
The investment from Ingrasys follows the recently announced strategic agreement to manufacture Ramon.Space’s computing products globally. The newly secured funding will enable Ramon.Space to grow the organisation and continue to commercialise its space-resilient computing platform, reach new markets, and solidify its global presence in response to the surge in demand for advanced computing solutions in space.
Ramon.Space has developed and deployed its SW-based computing technology to store, process and analyse large amounts of data in orbit. By equipping satellites with computers that have advanced storage, computing, and connectivity capabilities, Ramon.Space solutions enable data-driven applications and services in space, unlocking new business opportunities and driving growth in the space economy. The company leverages its in-house radiation-hardened technology to support reliable, future-proof missions. The Ramon.Space computing platform includes a set of products targeting storage, processing, and communication solutions, namely NuStream, NuPod and NuBox.
Avi Shabtai, CEO of Ramon.Space, said: “Space-grade computing solutions have become an essential foundation for the evolution of the space economy. The demand from satellite manufacturers, operators and service providers for such solutions is growing, driven by new business models and a goal to maintain the agility of services in orbit. This new investment will allow Ramon.Space to scale its organisation to meet market needs. We are honoured to receive a vote of confidence from global leaders as we continue to increase our reach of enabling data-driven insights from space.”
Benjamin Ting, CEO, Ingrasys, added: “As the world leader in cloud and enterprise computing manufacturing on the Earth, it’s a natural step to expand into computing infrastructure in space and we are truly excited to be part of the space industry. Space computing is the foundation to leverage the infinite potential of space and we recognized that investing and partnering to manufacture Ramon.Space products was the perfect strategic move as they are the leader in this field.”
Mohamed Musabah Al Mazrouei, Director of Investments and Portfolio Management at SDF, stated: “The trends and forecasts within the industry clearly indicate that advanced computing infrastructure is crucial for the future of space. Our decision to invest in Ramon.Space is in perfect alignment with our strategic mandate, which emphasizes a focus on the space sector through Private Equity and Venture Capital. This venture capital investment not only enhances our portfolio, but also opens up potential avenues to seek synergies and foster partnerships, both within the UAE and globally.”
Ramon.Space’s computing solutions have generated rapid growth and earned the interest of customers in both the commercial and defence sectors. The company’s technology enables a wide range of applications in different space sectors – from satellite communications and remote sensing to autonomous robotics spacecraft and space exploration.
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