NSLComm develops satellite technology that enables high-speed data transfer for government, commercial, and private applications. The company is currently closing its series B funding round, reaching $6.25 million in total.
The round was led by strategic investors such as JVP, Liberty, OurCrowd, Hawk GF, and Cockpit Innovation of the El Al Group,which has recently announced their partnership with Boeing and Lufthansa to support startups and innovative technologies focusing on the aviation and aerospace verticals. This is Cockpit’s first investment made within their new collaborative framework.
The funding round will enable NSLComm to develop and build two satellites for future launches, in addition to its first satellite launch scheduled for November 2018.