Skynopy Secures €15 Million Funding to Expand Ground Station Network

Skynopy, a French startup in the NewSpace sector, has successfully raised €15 million in a funding round that transpired in under a month. The investment aims to support Skynopy's vision of deploying a global network of high-throughput satellite ground stations for real-time data transmission from low Earth orbit satellites. Founded in late 2023, the company has rapidly matured by integrating third-party ground stations with its infrastructure and leveraging strategic partnerships. This innovative approach has allowed them to match global competitors in mere months. The latest funding round included prominent funds such as Alven, Expansion, Omnes Capital, and CNES via the SpaceFounders program, with Heartcore also contributing. Skynopy's services cater to satellite operators by enhancing their data transmission efficiency, either by increasing download volumes or reducing costs. The startup is also close to securing a global agreement with an industry giant that will amplify its growth trajectory.