SpaceAM

Investor: Foresight Group

SpaceAM, a Gloucestershire-based aerospace and defence technology startup, has secured seed funding from Foresight Group to develop ultra-lightweight autonomous sensing systems designed for contested and extreme environments.Summary of transaction details:Value: Not disclosedSector: DeepTech & AIAdvisor: Not specifiedKey Entities: SpaceAM (Target), Foresight Group (Investor)Location: Gloucestershire, UKNote: The funding follows SpaceAM's selection under the UK's Defence Unicorn initiative and a multi-million contract with the Ministry of Defence, aimed at boosting rapid procurement and technology delivery for the UK Armed Forces.