MetaKosmos is a Sydney-based space tech startup that secured $2 million in its ongoing pre-seed funding round led by Saudi Arabian Technology Group Alzadhar Al-Sanai. This funding round saw the participation of several new and existing investors. The company plans to use these fresh proceeds to develop the engines for its systems, scale up operations, meet general corporate purposes, and increase its workforce.
The startup intends to use some of this investment to accelerate the development pipeline and enhance human spaceflight. The space tech startup aims to expand its services, improve technology, and explore new market applications. The space tech startup is developing new products and offering innovative space tech solutions. MetaKosmos is currently focused on developing the Kosmosuit for life in Space.
This multi-environment spacesuit platform can be used in extreme conditions and consists of the base layer, proprietary software, and exosuits. The company aims to advance its spacesuit technology. The founder and CEO of MetaKosmos, Kiriti Rambhatla showed gratitude towards investors and highlighted that the company will use this fund to transform human space-flight services. This investment will enable the company to complete its test facility and the spacesuit.
The Sydney company believes this investment will enable them to launch new products and scale the Kosmosuit platform. The startup secured $250k from the Moon to Mars supply chain capability program as a part of NASA’s Artemis program for lunar exploration. The CEO of Alzadhar Al-Sanai, Aziz AlOthman mentioned that the company will support the startup in its journey to expand its services globally.
The space tech startup aims to expand its capabilities in countries like the USA, India, Australia, and Saudi Arabia. The investment shows investor’s trust in the market potential and business model of MetaKosmos.
The company plans to use cutting-edge technologies to transform the future of human spaceflight in the world. The CEO of MetaKosmos mentioned that this investment would help the startup carry out its Kosmosuit mission and accelerate its technological growth. The company plans to grow itself and strengthen its technical capabilities. The development came just when the space tech market saw increased investor interest. The Space tech sector is expected to increase and reach the 77 billion USD mark in the next six years.
Conclusion:
MetaKosmos is a space tech startup from Sydney that has a team of experienced engineers, medical doctors, and scientists coming together to transform the future of space technology and solve challenges in human spaceflight. The startup secured 2 million USD in its ongoing pre-series funding round. The round saw the participation of the firm’s new and existing investors.
This space tech startup intends to use these fresh proceeds to scale its Kosmosuit platform, enhance its technologies, and improve its technical capabilities. The company previously secured $250k from NASA Artemis Program for Lunar exploration. The Space tech market is predicted to grow and reach 77 billion USD by 2030. Metakosmos aims to expand its capabilities in the USA, Australia, India, and Saudi Arabia.
