Phase Four, a Los Angeles, CA-based in-space propulsion design and manufacturing firm, held the primary closing of its Sequence C funding.
The spherical, whose quantity was not disclosed, was led by Artemis Group Capital.
The corporate, which plans to shut its Sequence C spherical by the tip of Q1 2025, intends to make use of the funds to broaden its manufacturing, speed up R&D efforts, and additional improve its strategic partnerships with key gamers within the area economic system.
Led by CEO Dr. Steve Kiser, Part 4 is a supplier of latest in-space electrical propulsion options together with {hardware}, software program and companies, teaming with quite a lot of constellation operators and satellite tv for pc bus producers to optimize mission effectiveness and management prices by means of artistic exploration of propulsion options.
Part 4 is partnered with Redwire House (RDW: NYSE) on the Valkyrie propulsion system.
FinSMEs
10/01/2025
