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Venture Capital

Akash Systems Raises $14.5M Series A

by vcaonline.com posted 1week ago 9 views
Successful Series A funding close is vote of confidence in company’s management and growth potential for its satellite communications technology SAN FRANCISCO, July 10, 2019-- Akash Systems, Inc., a San Francisco-based startup focused on resolving the explosive growth of data collected from space by enabling faster, cheaper and ubiquitous satellite communications, has announced $14.5 million in Series A funding, including $10 million in new equity funds, and an additional $4.5 million converted from prior convertible notes. Investors in this round include Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan, Correlation Ventures and others.

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