CisLunar Industries Lands $2.6 Million in Seed Funding
CisLunar Industries, a company based in Loveland, Colorado, specializing in space power infrastructure, has successfully closed a $2.6 million seed funding round. This round was led by Colorado ONE Fund, with additional investments from Stout Street Capital, RIT Venture Fund, Deming Center Venture Fund, and several strategic angel investors.
Founded in 2019, the company focuses on high-efficiency power solutions that cater to the emerging space industrial economy. The funding will primarily be used to accelerate the development and production of their Electric Power Intelligent Conversion (EPIC) product line, which is designed for applications in Earth orbit and beyond.
Strategic Use of Funds
The newly acquired funds will enable CisLunar Industries to scale up their manufacturing capabilities. The company plans to advance both hardware and software systems that have already been flight-proven, enhancing their EPIC platform. This technology is designed to streamline customer lead times and engineering costs while improving resiliency and efficiency.
The EPIC platform allows for more compact spacecraft designs, which can expand mission capabilities across various high-demand applications such as electric propulsion, nuclear electric propulsion, directed energy systems, and dynamic space operations infrastructure.
Growing Demand and Market Potential
CisLunar Industries has already attracted early customers, including NASA, the United States Space Force, and several domestic and international defense contractors, as well as ThinkOrbital. The company's platform is seen as addressing a critical bottleneck in power processing for next-generation missions, providing scalable power infrastructure crucial for the expanding space economy.
CEO Gary Calnan expressed optimism about the company's trajectory, stating: "We’re seeing strong and growing demand for our cutting-edge power electronics solutions and the capabilities they drive. This funding allows us to move faster to meet customer demand."
Conclusion
With this seed funding, CisLunar Industries is poised to solidify its role in the space industry, focusing on long-term industrial activity across the Earth-Moon system. As the space economy continues to expand, the company's innovative solutions are expected to meet the increasing demands for efficient and scalable power infrastructure.