Boeing has made an undisclosed investment in UK-based startup Isotropic Systems, a developer of next-generation solutions to better connect people and enterprises worldwide.
By leveraging optical beam steering, Isotropic’s user terminals can simultaneously connect to many different satellites. This cuts down cost as well as complexity.
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Due to this capability, it is possible for customers to have low-cost, mass-market broadband connectivity. Companies can also meet the increasing demand for satellite data, mobility and broadband services, even in remote sites.
Boeing HorizonX Ventures managing director Brian Schettler said: “Isotropic’s solution allows for increased capabilities at reduced costs for satellite service providers.
“This investment accelerates the expansion of space-based connectivity services to the mass market and continues Boeing’s leadership in space innovation.”
Isotropic was set up in 2013 by chief executive officer John Finney, a former founding member of O3b Networks.
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By GlobalDataFinney said: “With Boeing, we aim to connect individuals and enterprises on a scale that has never been seen before. That legacy of true global connection will define our generation.”
Isotropic has joined Boeing subsidiary Millennium Space Systems and Boeing HorizonX Ventures portfolio startups Myriota, BridgeSat and Accion Systems to enhance the company’s satellite and space-based capabilities.
It is the second UK-based startup to join the HorizonX portfolio, after Reaction Engines in April 2018.
Boeing Europe president and Boeing UK and Ireland managing director Sir Michael Arthur said: “This investment is another indication of the strength of the UK’s aerospace and technology sectors, and Boeing’s commitment to growing in the UK.”
Boeing HorizonX Ventures led the Series A funding round, which had seen participation from WML, Space Angels and Space Capital.
This latest investment will link the Isotropic team with Boeing experts and resources, which will ultimately lead to the the development of its terminal solutions.
Boeing HorizonX Ventures invests in startups involved in innovations helpful for the aerospace industry.
Its portfolio includes companies that are into autonomous systems, additive manufacturing, energy and data storage, advanced materials, etc.
