The founding team of Vyoma, Dr. Luisa Buinhas (CPO), Christoph Bamann (COO) and Dr. Stefan Frey (CEO).
© Vyoma

Spacetech startup Vyoma secures 5 million euros

Things are getting busy in orbit: Not only are more and more satellites orbiting the Earth, but debris from around 70 years of space travel history also surrounds our planet. The Munich-based startup Vyoma is working on a solution to this growing threat to space travel. The European Investment Fund (EIF) is now investing five million euros in the company.

The Munich-based spacetech startup Vyoma relies on ground-based data to enable the automated operation of satellites. the startup founded in 2020 Various services help the artificial satellites find safe paths through crowded orbits. Vyoma's offerings include detection of proximity between satellites and debris, optimization of maneuvers, and complete automation.

In the future, space-based data will also be used. To this end, Vyoma is working on launching a constellation to monitor objects in various orbits. The first generation of the constellation will consist of optical sensors. These will provide information about space traffic and algorithms for predictive analysis of the data. This should enable the movement of objects in space to be accurately mapped. Furthermore, anomalous behavior and malicious intent should be effectively detected and the relevant defense authorities warned. The first units of this space-based monitoring system are scheduled to enter operation in early 2025.

Vyoma strengthens “Europe’s security and technological sovereignty”

Vyoma has now secured five million euros in financing. The money comes from the European Investment Fund (EIF), a financial instrument of the European Investment Bank and the European Union. The EIF works with various funds and private banks to support European technology companies. For the investment in Vyoma, it is partnering with Atlantic Labs, an existing Vyoma investor based in Berlin. The Munich-based Startup The additional funds bring the total financing to 16 million euros.

Stefan Frey, Co-founder and CEO of Vyoma, says:

"With this investment, the European institutions recognize the urgent need to combat orbital threats and ensure asset security. With Vyoma's space-based surveillance system, we can not only monitor the majority of space objects in low Earth orbit larger than 1 cm, but also detect malicious activity. This convergence of technological solutions and geostrategic objectives is the reason for this investment. At the same time, we are proud to once again count on the continued support of Atlantic Labs."

And Marjut Falkstedt, CEO of the EIF, added:

"The New Space industry has the potential to develop technologies that can have a ripple effect on a range of other sectors. I am pleased that the EIF's support through the InvestEU program will enable companies like Vyoma to advance their work in cutting-edge areas such as orbital surveillance. This is not only important for ensuring the safety of space missions and satellite operations, but will also help strengthen Europe's overall security and technological sovereignty."

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