Is a
Funding Round attributes
Funding Type
Funded Company
Funding Round Amount (USD)
44,000,000
Announcement URL
Funding Round Date
November 20, 2024
Inversion, a Los Angeles-based company specializing in on-demand space-based logistics, has secured $44 million in a Series A funding round co-led by Spark Capital and Adjacent. Other participants include Lockheed Martin Ventures, Kindred, and Y Combinator, bringing Inversion's total funding to $54 million. The investment will support the development of Arc, an advanced autonomous re-entry vehicle designed for rapid global cargo delivery. The company has also achieved significant milestones, including a $71 million U.S. Space Force contract and FAA approval for its Ray vehicle.
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