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Transportation Startup Vector Brings In $21 Million

Space technology Startup Vector Brings In $21 Million
Credit: vectorspacesystems.com

Vector announced the close of $21 million in Series A financing. Three investors participated in the round: Sequoia Capital, Shasta Ventures, and Lightspeed Venture Partners.

Founded by several members of the original SpaceX team, Vector is a disruptive company that connects space startups and innovators with affordable and reliable space access. Vector has an ambitious vision to reshape the multi-billion launch market and combines dedicated low-cost micro satellites launch (Vector Launch) and software defined satellites (Galactic Sky) to dramatically increase access and speed to orbit.

According to the company, the recent round of funding allows Vector to accelerate its flight test series and to launch orbital customer missions in early 2018.