New Jersey, US, July 24th 2022 – Scorpio Space, a technology startup developing an innovative Electronically Steered multi beam Antenna (ESA) for Satellite communications, announces today a $3 million financing led by angel investors. Scorpio is rolling out of stealth mode –introducing its breakthrough technology offering a uniquely powerful, yet compact and affordable antenna.
Scorpio’s technology aims to provide a solution that can tackle the main issues of ESA antennas, such as cost, high power consumption and size to performance ratio.
Scorpio Space is emerging out of stealth mode with a clear mission to redefine satellite communications by launching its unique technology – an antenna that is both feasible in price and effective in performance. Most importantly, its multi-beam capability enables communication to multiple Satellites simultaneously. And in creating a new, affordable and efficient product, Scorpio Space is offering connectivity to any user for any application at any location on the planet.
“We are catering to the demand that we hear in the market – the need for an affordable, compact, low power multi beam ESA terminal” says Micha Lawrence, CEO of Scorpio Space. “We are looking forward to watching the new space market grow and we are proud that we can finally provide a better user terminal solution in the market.”
Scorpio’s investment is led by Tuvia Barak and others, successful investors with billions of dollars closed in past deals and management “When first witnessing Scorpio’s technology, I was really amazed and highly impressed. I also have the highest appreciation for the management onboard and believe in this company,” shares Tuvia Barak.
About Scorpio Space:
Scorpio Space is a technology company aiming to solve one of the most difficult challenges facing the new age of Satellite communications – The user terminal located on the ground (antenna). Scorpio Space was founded by notable veterans from the Satellite industry with proven success in developing groundbreaking technology with the best quality and experience in the Satcom antenna business.
