Phillip Sarofim’s Trousdale Ventures Leads CesiumAstro Series B+ Funding Round
19 June 2024 - 2:20AM
Business Wire
Visionary Venture Capital Firm Helps to Further
the Expansion of Growing Global Startup Specializing in
Mission-Ready Space Communications Technology
Trousdale Ventures, a global venture capital firm founded by
Phillip Sarofim, announces its role as lead investor in the
oversubscribed Series B+ financing of CesiumAstro, a leader in
space communications technology. Trousdale Ventures’ investment
will enhance CesiumAstro’s R&D, manufacturing capabilities, and
facility expansion domestically and internationally.
Austin, Texas-based CesiumAstro designs and manufactures
advanced space-based communication systems for the defense,
government, and commercial markets. Their products, based on active
phased array technology, optimize capacity and data rates to meet
the growing demand for bandwidth. CesiumAstro’s distinguished
customer list includes Raytheon, Lockheed Martin, Rocket Lab, and
NASA.
“Trousdale Ventures exists to support founders and companies
driving positive change,” said Sarofim. “CesiumAstro’s innovative
technology offers national security solutions and next-gen
connectivity, making it an ideal company for us to support in its
next phase of growth.”
Trousdale Ventures’ investment validates CesiumAstro’s
groundbreaking approach to space communications technology. The
company’s Vireo multi-beam Ka-band active phased array payload and
provider-agnostic Skylark SATCOM terminal are revolutionizing the
industry. Vireo supports multiple simultaneous beams, enhancing
communication efficiency and reliability, while Skylark ensures
compatibility across various satellite networks, setting new
standards for versatility and performance. This investment will
enable CesiumAstro to push the boundaries of space technology and
strengthen its market leadership.
“We are thrilled to announce our investment in CesiumAstro,”
said Sachin Seth, Principal at Trousdale Ventures. “CesiumAstro
exemplifies the innovative and forward-thinking companies we are
proud to support. Our partnership will drive significant
advancements in space tech and yield substantial returns for both
our investors and the broader space industry.”
Explore Trousdale Ventures’ platform and vision here.
About Trousdale Ventures:
Trousdale Ventures is a privately held investment firm led by
Founding Partner and CEO Phillip Sarofim. Its portfolio of
groundbreaking companies improves quality of life by fueling
advances in space and mobility, climate tech, and technology-driven
health and wellness. Trousdale Ventures seeks to overcome barriers
in the fields of health, productivity, and sustainability by
democratizing wellness and accelerating innovation. For more
information, visit www.trousdale.vc.
About CesiumAstro:
Headquartered in Austin, Texas, with offices in Colorado,
California, and the United Kingdom, CesiumAstro builds
high-throughput, software-defined phased array communications
payloads for airborne and space platforms, including satellites,
missiles, UASs, and more. CesiumAstro’s full-stack, multi-mission
hardware and software solutions enable a range of commercial,
government, and defense objectives. CesiumAstro provides full
in-house design, manufacturing, and testing capabilities based on
the ISO AS9100 standard. To learn more, visit CesiumAstro.com.
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