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Brussels, Sept. 19, 2024. VEOWARE, a pioneer in enhancing satellite motion control, has raised €2.5 million in a funding round by imec.istart future fund, Ostbelgieninvest – OBI, Moveinvest (Noshaq & OBI) and Henkes & Co. This investment will fuel the company’s ambitious growth strategies, including the enhancement of its groundbreaking Control Moment Gyroscope (CMG) technology, facilitate expansion into the U.S and grow as a leader in motion control solutions.
Founded in 2018 by engineers Julien Tallineau and Julien Demonty, the Brussels based company VEOWARE has specialized in enhancing the agility and maneuverability of small satellites from 50kg to 500kg through advanced actuator technology ranging from Control Moment Gyroscopes (CMG) to high torque reaction wheels.
Revolutionizing satellite agility
“Currently, 99.5% of Earth Observation satellites are designed to continuously face nadir to collect data. This traditional approach limits the potential of satellites to capture diverse and dynamic data sets in a very short time. Despite the valuable data satellites can gather, most targets remain missed due to the lack of advanced technology that allows for dynamic reorientation. This results in a significant missed opportunity for data collection and analysis.” says Julien Tallineau, co-founder and CEO of VEOWARE.
VEOWARE bridges this gap with its cutting-edge modular actuator technology, enabling smallsat operators to collect data using state-of the art imaging technics such as off-nadir point targets, multi-strip imaging, or stereo-imaging in a single path. It maximizes the coverage collectable per minute and thus maximizes the return on investment of the satellite. The company’s flagship product, the Control Moment Gyroscope (CMG), significantly enhances the maneuverability of satellites, inherently making them as productive as four non-CMG equipped satellites. This technology thus offers operators new means to reduce their CAPEX when designing a constellation.
“CMGs for small satellite are set to revolutionize the EO constellation industry, specifically for high resolution optical, hyper-spectral, very high resolution or even SAR applications where small satellite become more and more present”, says Julien Tallineau. “Our hardware & software technology enables operators to optimize revenue by re-orienting the satellite and focus on cloud-free zones only. This not only improves data quality but also accelerates access, enabling more downstream applications.”
Acceleration
This investment will support the company’s ambitious growth plans, drive further enhancements to VEOWARE’s groundbreaking Control Moment Gyroscope (CMG) technology, expand the team, and facilitate its expansion into the U.S. market while developing new motion control technology building block.
About VEOWAREVEOWARE SPACE is a brussels based SpaceTech company developing and commercializing Attitude Control Systems improving 10X the agility of any spacecraft. Thanks to its next-gen proprietary motion control technologies, VEOWARE un-locks the ability of spacecraft to maneuver quicky & efficiently for applications such as Earth Observation, Space Domain Awareness or Telecommunication. https://www.veoware.space/
About imec.istart future fund: https://www.imecistartfuturefund.comAbout Ostbelgieninves: https://www.ostbelgieninvest.beAbout Henkes&Co: https://www.henkes-co.be/About Noshaq: www.noshaq.be