Cash-strapped startup Sky and Space Global transferred control of the company April 6 to an accounting firm in an effort to preserve some or all of its business.
Finnish startup Iceye has big ambitions — the smallsat company wants to do for satellite imagery what IBM did for computing in the ‘80s. “We want to democratize the technology, to make it available for everyone,” said Rafal Modrzewski, the company’s co-founder and CEO.
Founded in 2015 to commercialize cheap, narrowband signal transmitters developed at the University of South Australia, Myriota has raised $37 million total.
The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and investors — but the complications of the global pandemic are being felt by both.
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