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Space Forge
Value £790,000,000

Space Forge

VC Funding
Series A £500m+
DeepTech & AI Published 19 June 2024

Summary

Space Forge, a Cardiff-based start-up, has secured funding from Nato’s $1bn investment fund to launch robotic factories into space, aiming to manufacture crystals for advanced microchips, new medicines, and super-alloys.

Summary of transaction details:

  • Value: $1bn
  • Sector: DeepTech & AI
  • Advisor: Not disclosed
  • Key Entities: Space Forge, Nato’s Innovation Fund
  • Location: Cardiff, UK

Note: This investment is part of Nato’s strategy to foster “dual-use” technologies, supporting defence, security, and resilience within the alliance, and underscores the growing importance of space-based technologies in the global economy and defence landscape.

Original Source

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