Wed. Oct 4th, 2023
    Mission Control Secures $3.25M in Seed Funding to Advance Space Software

    Mission Control, a Canadian startup specializing in space software development, has announced the successful close of its $3.25 million seed round of equity financing, led by Toronto-based GreenSky Ventures. This brings Mission Control’s total funding to over $10.5 million in equity and non-dilutive funding.

    The funding will be used to further develop Mission Control’s Spacefarer platform, which streamlines operations for space-based robotics and advanced payloads. The company aims to solidify its leadership position in deploying deep-learning Artificial Intelligence (AI) in space.

    Mission Control has already achieved several notable milestones in space software. Founder and CEO Ewan Reid stated, “Having been the first in the world to send deep learning AI to the Moon and one of the first to deploy AI in a hybrid CPU-FPGA architecture in space, we are world leaders when it comes to the cutting edge of space software.”

    GreenSky Ventures, an award-winning venture capital firm with a focus on Deep Tech ventures in Canada, is excited to lead Mission Control’s seed round financing. “As a new era of space exploration begins, Mission Control has already carved out a position as an industry leader,” said Mike List, Managing Partner of GreenSky. “GreenSky is very excited to be able to help catalyze this Canadian success story.”

    Mission Control’s Chief Technology Officer, Dr. Michele Faragalli, highlighted that the company is the only Canadian-owned company to have contributed technology to a lunar rover mission. Mission Control aims to play a key role in future space robotics missions, both domestically and internationally.

    Mission Control has previously worked with organizations such as the Canadian Space Agency, European Space Agency, Department of National Defence, and NASA. The company graduated from the University of Toronto Creative Destruction Lab’s inaugural Space Stream.

    With the exponential growth expected in space activities, robotics and AI will be crucial enablers. Mission Control’s software platforms are poised to contribute to numerous space missions in the years to come.

    For more information about Mission Control, please visit www.missioncontrolspace.com.

    Sources:
    – Mission Control
    – GreenSky Ventures