Neuraspace, the space domain awareness startup based in Portugal, has announced €15.6 million in new financing.

As well as investors from Lince Capital, Explorer Investments and Armilar Venture Partners, there was additional funding from Portugal’s Recovery and Resilience Plan (PRRP).

The company says the funding will help it develop its NeuraspaceDEF product, pictured, to help satellite operators prevent collisions and improve operational resilience. Basically, boosting its capabilities in autonomous space operations. It positions this in terms of “sovereign sensing infrastructure”.

“When Neuraspace was founded, our mission was to make space safer,” commented the CEO, Chiara Manfletti.

“That mission has evolved with the operational reality. Today, protecting satellites means addressing both accidental risks and intentional threats. Safety and security are no longer separate challenges – they are two sides of the same operational problem.”

As mentioned, among the backers were Lince Capital, a Portuguese venture capital firm.

“Neuraspace has established itself as one of Europe’s most promising space technology companies, combining outstanding technical execution with growing commercial traction in a market of increasing strategic importance,” said its CEO, Vasco Pereira Coutinho.

“We believe Neuraspace is well positioned to become one of Europe’s leading providers of AI-enabled Space Domain Awareness and Space Traffic Management solutions.”

Starting in 2020, the software company’s headquarters are in Coimbra, Portugal. It highlights revenue growth of more than 350% over the past year.

Neuraspace says it monitors more than 600 satellites. With operators including Spire Global, GEOSAT, NanoAvionics, Sidus Space, U-Space and the European Space Agency.

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