Insider Brief
- Inversion has raised $44 million in Series A funding co-led by Spark Capital and Adjacent with participation from Lockheed Martin Ventures, Kindred, and Y Combinator.
- The funds will support the development of Arc, Inversion’s next-generation re-entry vehicle designed to store cargo in orbit and deliver it to Earth on demand.
- This funding brings Inversion’s total investment to $54 million, following a $10 million seed round.
Inversion, a company specializing in autonomous re-entry vehicles for on-demand cargo delivery from space, has raised $44 million in Series A funding. Spark Capital and Adjacent co-led the round, with participation from Lockheed Martin Ventures, Kindred, and Y Combinator. This funding brings Inversion’s total investment to $54 million, following a $10 million seed round. The funds will support the development of Arc, Inversion’s next-generation re-entry vehicle designed to store cargo in orbit and deliver it to Earth on demand.
The company aims to disrupt the $6 trillion logistics industry by addressing delivery challenges that terrestrial solutions struggle to solve, such as reaching remote or inaccessible locations. Inversion’s approach uses space as a platform for precision delivery, potentially reducing costs compared to traditional networks of planes, warehouses, and trucks.
Inversion has achieved several milestones marking significant progress in the company’s efforts to integrate space-based logistics into global supply chains including:
- SpaceWERX Contract: Inversion secured $71 million from SpaceWERX, the innovation division of the U.S. Space Force, to advance its on-demand delivery technologies.
- FAA Approval: The company’s Ray re-entry vehicle received Federal Aviation Administration (FAA) approval under Part 450 regulations, allowing it to launch and return. Ray will fly on SpaceX’s Falcon 9 as part of the Transporter-12 Rideshare mission.
Spark Capital’s Nabeel Hyatt emphasized the transformative potential of autonomous re-entry vehicles, stating, “Getting a package delivered from space anywhere in the world will fundamentally transform logistics.” Nico Wittenborn of Adjacent highlighted the company’s ability to develop its technology efficiently, gaining traction with both government and commercial partners.
Lockheed Martin Ventures’ Chris Moran noted the broader implications, saying, “Inversion’s innovative approach has the potential to revolutionize the way goods are transported and delivered globally.”
Inversion’s co-founder and CEO, Justin Fiaschetti, underscored the historical significance of the company’s work, comparing it to the impact of ships, trains, and airplanes on society. “The ability to access anywhere on Earth in minutes will be just as groundbreaking,” he said.
Image credit: Inversion
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