Spherical Systems, based at the Space Business Innovation Center in Noordwijk, is raising an investment totaling nearly €1 million to develop its chip explicitly designed for extreme conditions in space. In addition to UNIIQ, with an investment of €350,000, money comes from three business angels, venture capital investors Antler and Graduate Entrepreneur Fund, Rabobank, and a Eurostars grant.
Extreme conditions
Space conditions are extreme, while maintenance is virtually impossible. It is not simply possible to send a mechanic into space. So, everything that is launched must continue to work. This is why producing extremely reliable parts has always been very important. The problem is that these parts are also costly, and the business model has not changed since the space race in the 1960s.
Since the rise of commercial space travel, the price of everything launched has been under pressure. Traditional space chips are far too expensive, so people are using inferior chips hoping they will last just long enough. With a smart architecture and a modern design vision, Spherical Systems is creating chips suitable for space while being many times cheaper than old space chips. By incorporating these chips into their systems, Spherical Systems is developing space systems that are more reliable at a comparable price.
Next steps
Thomas Parry, CEO and founder of Spherical Systems, said the investment allows them to fully fund the initial trajectory of product development and team growth. “This allows us to demonstrate on the world stage the technical and commercial relevance of Spherical. We are grateful for the support of UNIIQ and other investors as we build our pioneering approach in the industry. We look forward to building on the strengths of the South Holland region to expand strategic opportunities within the space and semiconductor industries over the next decade.”
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