True Anomaly Secures $260 Million to Shape the Future of Space Security
True Anomaly, an aerospace startup focused on defense, has raised $260 million to fund space missions and expand its operations.
The company, headquartered in Centennial, CO, with offices in Colorado Springs, CO, Washington, D.C., and Long Beach, CA, announced the completion of a Series C round on April 30, which includes both equity and debt financing. Accel led the round, with participation from Meritech Capital and existing investors, including Eclipse, Riot Ventures, Menlo Ventures, ACME Capital, 645 Ventures, Champion Hill Ventures, Space VC, and Narya. The debt portion is provided by Stifel Bank.
Founded in 2022, True Anomaly is emerging as a participant in the military space market. The company designs spacecraft capable of maneuvering near other satellites in orbit—technology that supports U.S. initiatives to enhance space domain awareness and address potential threats. Space domain awareness involves detecting, tracking, and understanding objects and actions in space. "The threat to our Armed Forces and way of life from adversary capabilities in, from, and through space demands the complete focus of an innovative industrial partner," said Even Rogers, CEO and co-founder of True Anomaly. "We are uniquely positioned to partner with the U.S. Government and its allies to place asymmetric, viable deterrence options into the hands of warfighters on record timelines. We're thrilled to partner with investors who share our vision and confidence in our modular, software-centric approach, and whose support accelerates our mission to deliver resilient, affordable space capabilities that keep our nation and its allies ahead of acute emerging challenges."
The Jackal, True Anomaly's main vehicle, is intended for close-proximity operations, equipped with optical and radar sensors to capture high-resolution imagery and perform reconnaissance. The company also develops software platforms for training and simulations related to space conflict scenarios.
With the new funding, True Anomaly intends to support four space missions over the next 18 months, launch new products, and increase its workforce from 170 to over 250 employees by year-end.
Upcoming missions include a third test flight of the Jackal to low Earth orbit for further validation of spacecraft performance and production techniques. There are plans to launch the first Jackal missions to geostationary orbit, a region 22,000 miles above Earth utilized by many military satellites, and to cislunar space, located between Earth and the Moon.
Another significant mission is Victus Haze, a $30 million contract awarded by the U.S. Space Force under its Tactically Responsive Space initiative. True Anomaly, in collaboration with Firefly Aerospace, aims to showcase rapid satellite launch and operation capabilities in response to dynamic orbital threats.
In February, True Anomaly announced the opening of a new 90,000-square-foot manufacturing facility in Long Beach, California, strategically located near Space Systems Command in Los Angeles, which manages Space Force procurement. The company will maintain its headquarters and production facilities in Centennial, Colorado.