DEVELOPING: Northwood Space has landed a massive $150M deal. The El Segundo, California-based startup secured a $100 million Series B funding round. Washington Harbour Partners and Andreessen Horowitz co-led the round.
Northwood also won a $49.8 million contract with the U.S. Space Force. The contract will upgrade the satellite control network. This network handles critical space missions, including GPS satellite tracking.
The company focuses on modernizing ground-based communications infrastructure. This comes amid increasing satellite congestion in space.
The funding and contract mark major milestones for the young company. More details are expected soon.
This is a developing story.
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