SAN FRANCISCO — German startup Okapi:Orbits has raised 5.5 million euros ($5.7 million) in a seed funding round led by Munich Re Ventures with participation from Dolby Family Ventures, Herius Capital and APEX Ventures.
Okapi provides space traffic management software designed to help satellite operators reduce maneuvers, save fuel and reduce downtime. More than 50 satellites in orbit already rely on Okapi software, said Kristina Nikolaus, co-founder and CEO of Okapi. Space news by email.
Okapi is raising funds to expand the user base for its platform, enhance its product portfolio, and increase its international footprint at a time when increasing low-Earth orbit traffic has increased interest in spatial situational awareness and space traffic management.
An increase in operational satellites and orbital debris causes interference, close approaches and possible collisions. Okapi’s goal is to enable customers “uninterrupted use of technology in space” through the use of the Okapi platform, according to the June 13 press release.
Okapi’s space traffic management software combines radar, telescope, space sensor and laser range data to predict hazards, interference and environmental impacts. Okapi also offers risk analysis, simulation capabilities and tools to ensure compliance with regulations and standards.
“Our overarching mission is to help operators extend the life of their assets with a minimal carbon footprint, keep their investments safe and take advantage of the tremendous opportunities the booming space market has to offer to solve Earth’s problems. Nikolaus said in a statement.
In addition to venture capital firms, Okapi’s seed-round attracted investment from individuals: Andreas Kupke, founder of German financial services firm Finanzcheck, SAP vice president Christian Dahlen, angel investor Ingo Luge and Michael Oxfort, RapidEye’s chief technology officer.
“Okapi:Orbits is targeting a critical and underdeveloped market,” Luge said in a statement.
Timur Davis, head of Munich Re Ventures, said in a statement: “Munich Re Ventures is pleased to support Okapi:Orbits with their vision to reduce the risk of collisions and other adverse events in space. We share their commitment to innovative solutions that enable a safe and sustainable space ecosystem.”