SpaceAM

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 disclosed
• Sector: DeepTech & AI
• Advisor: Not specified
• Key Entities: SpaceAM (Target), Foresight Group (Investor)
• Location: Gloucestershire, UK

Note: 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.