|Company Name||Fund Raised||Led By||CEO/Co-Founder||Valuation|
|Astranis||$250m||BlackRock||John Gedmark||$1.4 B|
Astranis builds small telecommunication satellites that are available at low-cost. The company raised $250M in funds with their project which made them reach a valuation of $1.4 B. It was led by BlackRock and the round also had participation from Koch Strategic Platforms, Baillie Gifford, Monashee Investment Management, Fidelity Management & Research Company LLC, and Uncorrelated Ventures. The existing investors Fifty Years, Indicator Fund, Andreessen Horowitz, Venrock, ACE Early Stage Partners, Jaan Tallinn, Harpoon Ventures, Rising Tide Fund, Jerry Yang’s AME Cloud, Jeff Dean, Refactor Capital, SOMA Capital, Jude Gomila, and others also had significant participation.
John Gedmark, the CEO of Astranis aims to provide internet access to those who are still lacking the services.