TX-COGNITIVE-SPACE
Cognitive Space announced the highlights of a very successful year in its mission to dramatically improve the way we monitor the Earth for economic, environmental, and national security understanding. The company helps organizations fly their satellites with new tools for New Space - providing satellite operators and space infrastructure companies with sophisticated SaaS services for optimizing revenue and performance yield, forecasting future capacity, and orchestrating collection management as satellite constellations grow and scale.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211207006237/en/
“The New Space economy is attracting massive investment and is growing exponentially. Space will be filled with thousands of new commercial satellites,” said Scott Herman, CEO of Cognitive Space. “But building out the required ground architecture is a major hurdle for New Space companies and usually represents a significant monetary investment, a multi-year time commitment, and major execution risk as they build their business. Cognitive Space provides a blueprint and an operational capability that de-risks and accelerates their buildout schedule, controls costs, and then optimizes their ongoing operations to power their business vision.”
2021 Highlights for Cognitive Space:
$5.5M in Investment Capital raised – Cognitive Space started the year with a $1.5M “pre-seed” raise, followed in November with the closing of a $4M Series Seed led by Grit Ventures of Menlo Park. Additional investors include Argon Ventures, Techstars, UltraTech Capital Partners, Cultivation Capital, Glasswing Ventures, Gutbrain Ventures, PBJ Capital, SpaceFund, and Deep Ventures. Outside counsel for the transaction were Covington and Burling LLP. As a result of this 2021 fundraising effort, Cognitive Space enters 2022 with $5.5M in funds ready to apply towards commercial product development and company growth.
“Billions of investment dollars are flowing into the New Space economy. There is an unmet imperative for cost-effective, scalable, and business-savvy constellation operations,” commented Jennifer Gill Roberts, Managing Partner at Grit Ventures. “We believe Cognitive Space's AI-driven approach to maximizing constellation revenue and performance yield gives their customers a significant competitive advantage in this emerging market for Space-based services.”
New and expanded US Government contracts – Cognitive Space continued its work with several US Government agencies, including the US Space Force, the Air Force Research Lab (AFRL), the National Geospatial Intelligence Agency (NGA), and other members of the national security community. In these engagements Cognitive Space focused on concept development and rapid prototyping for topics such as orchestrated collection management, hybrid space architecture, and global monitoring. Of particular note, Cognitive Space was selected as a winner of the Space Force Pitch Day competition, resulting in a $1.7M contract for exploring new approaches to satellite operations using Artificial Intelligence.
Cognitive Space also supported several US Government exercises, including RIMPAC, Northern Edge, and Joint Warrior. The company orchestrated collection opportunities across multiple commercial and government suppliers of satellite remote sensing. Cognitive Space provided the US Government with insight into the emerging wave of commercial remote sensing capabilities, helping them understand the impact of these capabilities on future operations, tradecraft, tools, and procurement methods.
Commercial Sales Traction – This summer, Cognitive Space introduced its SaaS-based platform for autonomous and dynamic satellite operations to a growing set of commercial satellite operators and space infrastructure companies. The platform revolutionizes satellite operations with the power of artificial intelligence for mission management, collections planning, and communications link coordination. The suite is available in versions tailored for startups, growth, and enterprise-class customers in the New Space domain.
Strong Revenue growth – Cognitive Space continues to dramatically increase its year-over-year revenue with new contracts, solid bookings, and a dense opportunity pipeline going into 2022.
Accelerator Wins – Cognitive Space was competitively selected for several startup accelerators, including the Amazon Web Services (AWS) Seraphim Space Accelerator and the NGA Startup Accelerator. As one of 10 companies chosen by AWS out of a field of approximately 200 startups, Cognitive Space received $100,000 in cloud infrastructure credits, AWS Cloud training and support, mentorship, and additional business development resources including opportunities to speak with space-savvy venture investors. With the NGA Accelerator, Cognitive Space has been working with government analysts on a pilot project exploring the role of future commercial satellite capabilities for facility monitoring and pattern-of-life analytics in real-world scenarios.
Building the best team in AI-driven Satellite Operations – Cognitive Space continues to recruit aggressively for an expanding team of AI/ML scientists and mathematicians, satellite and aerospace engineers, full-stack and frontend/backend developers, system architects, and Cloud DevOps engineers. In 2021, the company also made strategic additions to the executive team by recruiting senior industry veterans Scott Herman (as CEO) and Hanna Steplewska (as VP, Business Development & Operations). Scott and Hanna bring deep experience in Space Operations, Satellite Remote Sensing, Geospatial Analytics, and National Security and a comprehensive understanding of the New Space ecosystem.
About Cognitive Space
More information about Cognitive Space can be found at http://www.cognitivespace.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20211207006237/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Neural Concept Closes $100M Funding Round Led by Growth Equity at Goldman Sachs Alternatives to Scale AI-Native Engineering18.12.2025 17:00:00 CET | Press release
New capital accelerates Neural Concept’s ability to deliver transformative technologies and enterprise-wide AI impact across advanced industrial workflows.Platform delivers CAD-native, physics-aware AI and deep reasoning for engineering, saving customers $50 million annually, reducing late-stage redesigns by 30-50% and accelerating time to market by up to two years.The company has generated a fourfold increase in enterprise revenue over the past 18 months.More than 50 global companies are actively relying on the platform, including General Motors, General Electric Vernova, Leonardo Aerospace, Eaton, Safran, Renault Group and multiple Formula 1 teams. Neural Concept, a global AI platform and leader in Engineering Intelligence powering next-generation product development, today announced it raised a $100 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives, with existing investors Forestay Capital, Alven, HTGF, D.E. Shaw Ventures and Aster Capital. This press
Croma-Pharma Introduces New Medical Device for the Preparation of Autologous PRP | Fluid- PRF18.12.2025 16:57:00 CET | Press release
Croma-Pharma, a global player in minimally invasive aesthetic medicine, proudly announces the launch of its new medical device that is used for the preparation of autologous Platelet-Rich Plasma (PRP) | Fluid-Platelet-Rich Fibrin (Fluid-PRF).1 This launch represents continued progress in Croma’s mission to provide healthcare professionals state-of-the-art tools for their practice. With its innovative design and optimized separation technology, Exprecell™ enables the efficient preparation of autologous blood concentrates, without the use of anticoagulants, resulting in the formation of Fluid-PRF, a biologically active concentrate that retains the regenerative properties of platelets and leukocytes, yet stays liquid for a defined period.1 What makes Exprecell™ special?MDR certification: Exprecell™ is MDR-certified, meeting stringent EU regulatory requirements to ensure the safe, controlled and standardized preparation of autologous Platelet-Rich Plasma (PRP) | Fluid-Platelet-Rich Fibrin
Laserfiche is a Leader in Info-Tech Research Group’s Enterprise Content Management - Enterprise Data Quadrant18.12.2025 16:00:00 CET | Press release
AI-driven document management and process automation position Laserfiche highest for Product Features and Satisfaction. Laserfiche — the leading SaaS provider of intelligent content management and business process automation — is a Leader in the Enterprise Content Management – Enterprise Data Quadrant Report from Info-Tech Research Group. With the most reviews of any vendor and a composite score of 9.1, Laserfiche was positioned highest for Product Features and Satisfaction. “Laserfiche is honored to be recognized as a Leader in the ECM Data Quadrant at a moment when AI is transforming every aspect of how organizations create value from their data,” said Thomas Phelps IV, CIO and SVP of corporate strategy at Laserfiche. “We’re especially appreciative of the more than 400 reviews contributing to our +94 net emotional footprint and the 99% of users who indicate ‘they love the Laserfiche platform.’” The Info-Tech Data Quadrant evaluates and ranks products, capabilities and features based
Interactive Brokers Redesigns IBKR GlobalTrader App for Simpler, Smarter Mobile Trading18.12.2025 16:00:00 CET | Press release
New mobile experience offers faster navigation, AI-driven market insights, and integrated access to forecast contracts for investors worldwide Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced the launch of its redesigned IBKR GlobalTrader mobile app. The updated trading platform reflects the firm’s commitment to delivering intuitive, accessible tools for investors at every experience level. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251218345494/en/ IBKR GlobalTrader The new version offers a faster and more powerful interface with new capabilities, including integrated access to forecast contracts, AI-generated news summaries, and a redesigned Explore section that helps investors identify opportunities across global markets. Investors can trade stocks, ETFs, options, access cryptocurrencies, and more – all from a streamlined mobile app. IBKR GlobalTrader complements IBKR Mobile,
The Rock-It Company Appoints David Byrnes as Chief Financial Officer18.12.2025 15:00:00 CET | Press release
Entertainment and media veteran joins as The Rock-It Company embarks on a new chapter of global growth and acceleration The Rock-It Company, the global leader in specialty logistics across live events and luxury goods, announced today the appointment of David Byrnes as Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251218600008/en/ David Byrnes, Chief Financial Officer, The Rock-It Company With decades of experience steering groundbreaking multimedia and live experience projects globally, David joins The Rock-It Company from Sphere Entertainment, where he most recently served as Executive Vice President and Chief Financial Officer. His career includes multiple senior leadership roles, including CFO of Madison Square Garden Entertainment Corp., Executive Vice President of Corporate Finance at Paramount, and a variety of senior leadership positions at CBS Corporation. He also spent five years at ADP, i
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom