Page 6 - Ananth Technologies News Today

Los Altos (California) [US], August 9 (ANI/PRNewswire): Antaris, the software platform provider for space, announced the company has closed a USD 4.2 million seed round of funding led by Acequia Capital and Possible Ventures.

Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics

India’s largest private spacecraft manufacturing facility was launched in Bengaluru on Wednesday. The spacecraft manufacturing unit was inaugurated by Dr Somanath, Secretary, Department of Space and Chairman, ISRO.

The Government of Telangana has launched its SpaceTech Framework to support the participation of private industry in the SpaceTech sector and thereby increase India’s share in the global market growing at a CAGR of 5.6% to reach USD 558 Bn in 2026. The vision of the framework is to vision to “Establish Telangana as a globally recognized one-stop destination in Space

At the virtual launch event, PM Modi said that space needs an open platform approach, and private enterprises need to find new avenues in the space sector.