Leanspace announces second close of €6M round to digitise the space industry — TFN
Sep 26, 2022
Budapest-based European Space VC Herius Capital joined the oversubscribed round along with existing investors Karista and 42CAP, and other leading organisations such as Seraphim Space and Bpifrance. Previously, Herius Capital backed German-based Okapi:Orbits in its €5.5M round. This investment will enable Leanspace to scale up its offerings, by bringing additional cloud services and building integrations with strategic partners. Dr. Kornél Szabó Managing Partner of Herius Capital said, “We are excited to join LeanSpace on its mission to digitalize the space industry via the cloud as we see modern software tools as critical enabling infrastructure for the space industry. LeanSpace’s excellent team is building such critical software infrastructure with their deep technical and space industry experience; their vision is completely in line with Herius’ view of the future of the sector.”. Alvaro Alonso Ruiz, co-founder & CCO of Leanspace explained, “Space organisations use software to design satellites, control test benches, operate assets, derive analytics, produce and distribute products, manage customer relationships. When all your organisation’s operations are fueled by software, it is undeniable that your business is a software business. The challenge space companies face is putting in place a modern and comprehensive software strategy across their entire organisation.”
Partnership with Valispace
Last month, Leanspace hosted a live demonstration of digital continuity together with browser based tool provider, Valispace. The demo showcased a native integration between software tools used to design and operate satellites, enabling collaboration across the space mission life-cycle. Organisations can manage space missions
Leanspace was founded by Alvaro Alonso Ruiz, Gaurav Lanjekar, Guillaume Tanier and Stan Kaethler in 2020 in Strasbourg, France, with the goal of enabling the digital transformation of space organisations. With its first-of-its-kind cloud platform, Leanspace enables space organisations to leverage state-of-the-art digital technologies to manage their space missions. While companies in the space industry are striving to become more agile, lower costs and deliver better service to their customers, the Leanspace solution comes through the use of cloud-native, integrated software infrastructures and digital technologies, thereby allowing them to improve how they operate. Leanspace enables space organisations to implement a comprehensive software strategy, and adopt new approaches like regaining full in-house control over their software ecosystem, implementing digital continuity across tools and teams, and finding ways to abstract their engineers from the complexity of space software. With this platform, space companies can digitise themselves. Customers use Leanspace as an integration platform. They can quickly set up ground segments that scale easily and where data can flow, across systems and teams. They also use it as an innovation platform, develop their own systems, with their own methods, to answer their own, specific use cases.