Ramon.Space’s Market Expansion Bolstered by Strategic Investors and Prominent VCs, Empowering Data-Driven Applications and Services in Space
Ramon.Space, a prominent player in space-resilient computing infrastructure, announced today that it has successfully raised $26 million in funding. The investment round was led by Ingrasys, a subsidiary of Foxconn Technology Group, the world’s largest manufacturer of server and storage platforms. The Strategic Development Fund (SDF), an Abu Dhabi-based strategic investment firm, also participated in the funding, along with existing investors Grove Ventures, Deep Insight, and UMC Capital. This financing will enable Ramon.Space to further develop its organization, advance the commercialization of its space-resilient computing platform, penetrate new markets, and strengthen its global presence to meet the increasing demand for advanced computing solutions in space.
Ramon.Space has pioneered and implemented its software-based computing technology for storing, processing, and analyzing vast amounts of data in orbit. By equipping satellites with powerful computers featuring advanced storage, computing, and connectivity capabilities, Ramon.Space’s solutions facilitate data-driven applications and services in space, unlocking new business opportunities and driving growth in the space economy. The company relies on its in-house radiation-hardened technology to ensure the reliability and future-proofing of missions. The Ramon.Space computing platform comprises a range of products designed for storage, processing, and communication solutions, namely NuStream, NuPod, and NuBox.
Avi Shabtai, the CEO of Ramon.Space, expressed his confidence in the growing demand for space-grade computing solutions, emphasizing their significance in propelling the evolution of the space economy. Shabtai stated, “This new investment will allow Ramon.Space to scale its organization to meet market needs,” and acknowledged the company’s honour in receiving support from global leaders, enabling the expansion of data-driven insights from space.
Benjamin Ting, CEO of Ingrasys, the manufacturing arm of Foxconn Technology Group, expressed excitement about their strategic move into space computing infrastructure. He emphasized that space computing serves as a foundation for leveraging the infinite potential of space and highlighted Ramon.Space’s leadership in the field makes it an ideal partner for manufacturing their products.
Mohamed Musabah Al Mazrouei, Director of Investments and Portfolio Management at SDF, highlighted the increasing importance of advanced computing infrastructure for the future of space. The decision to invest in Ramon.Space aligns perfectly with SDF’s strategic mandate, which focuses on the space sector through private equity and venture capital. Al Mazrouei further added that this venture capital investment not only enhances their portfolio but also presents opportunities to seek synergies and foster partnerships within the UAE and globally.
Ramon.Space’s computing solutions have experienced rapid growth and garnered interest from customers in both the commercial and defence sectors. The company’s technology enables a broad range of applications across various space sectors, including satellite communications, remote sensing, autonomous robotics spacecraft, and space exploration.
With its unique AI/ML processors, Ramon.Space leads the field of space-resilient computing infrastructure. The company’s software-empowered systems harness Earth-like computing capabilities in space. Having already deployed its proven technology in over 50 deep space and satellite missions across the solar system with zero failures, Ramon.Space continues to make strides in the industry. The company maintains offices in the United States and Israel.
Overall, this latest funding round solidifies Ramon.Space’s position as a key player in the development of space-resilient computing infrastructure. With the backing of influential investors and a strong track record, the company is well-positioned to meet the rising demand for advanced computing solutions in the space sector.
