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Brussels, 19 September 2024 – VEOWARE, the pioneer in satellite-based motion control, has raised €2.5 million in a funding round from future fund imec.istart, Ostbelgieninvest – OBI, Moveinvest (Noshaq & OBI) and Henkes & Co. This investment will fuel the company’s ambitious growth strategies, including enhancing its revolutionary Control Moment Gyroscope (CMG) technology, facilitating expansion into the US and growing as a leader in motion control solutions.
Founded in 2018 by engineers Julien Tallineau and Julien Demonty, Brussels-based VEOWARE has specialized in improving the agility and maneuverability of small satellites from 50kg to 500kg through advanced actuator technology ranging from control moment gyroscopes (CMGs) to high-torque reaction wheels.
Revolutionizing satellite agility
“Currently, 99.5% of Earth observation satellites are designed to continuously point at 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 that satellites can collect, most targets remain unreached due to the lack of advanced technology that enables 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, which enables small satellite operators to collect data using state-of-the-art imaging techniques such as off-nadir point targeting, multi-band imaging, or stereoscopic imaging on a single path. It maximizes the collectible coverage per minute and therefore maximizes the satellite’s return on investment. The company’s flagship product, the Control Moment Gyroscope (CMG), significantly improves satellite maneuverability, making them inherently as productive as four non-CMG-equipped satellites. This technology therefore offers operators new means to reduce their CAPEX when designing a constellation.
“CMGs for small satellites are set to revolutionise the EO constellation industry, particularly for high-resolution optical, hyperspectral, very high-resolution or even SAR applications, where small satellites are increasingly present,” says Julien Tallineau. “Our hardware and software technology enables operators to optimise revenue by reorienting the satellite and concentrating only on cloud-free areas. This not only improves data quality, but also speeds up access, enabling more downstream applications.”
Acceleration
This investment will support the company’s ambitious growth plans, drive further improvements to VEOWARE’s innovative Control Moment Gyroscope (CMG) technology, expand the team, and facilitate its expansion into the U.S. market while developing new motion control technology building blocks.
About VEOWARE
VEOWARE SPACE is a Brussels-based space technology company that develops and markets attitude control systems that improve the agility of any spacecraft by tenfold. Thanks to its patented state-of-the-art motion control technologies, VEOWARE unlocks the ability of spacecraft to maneuver quickly and efficiently for applications such as Earth observation, space domain awareness or telecommunications. https://www.veoware.space/
About the imec.istart future fund: https://www.imecistartfuturefund.com
About Ostbelgieninves: https://www.ostbelgieninvest.be
About Henkes&Co: https://www.henkes-co.be/
About Noshaq: www.noshaq.be