Kleos Space fully funded to launch and develop next 2 satellite clusters

"We are now well financed to execute the launch of the second cluster of satellites – Polar Vigilance Mission – in mid-2021," said the company's CEO.

Satellite constellation formed by the three nano-satellites (photo credit: SHARON TZUR, TECHNION)
Satellite constellation formed by the three nano-satellites
(photo credit: SHARON TZUR, TECHNION)
Kleos Space, an outer space provider of engineering and technology development services, said it has received commitments to raise $19 million via a placement of approximately 26.4 million new ordinary fully paid CDIs (financial placement).
“We welcome and are delighted to be supported by both existing and new high-quality institutional investors who have recognized the Kleos vision and potential," CEO Andrew Bowyer declared. "Strong participation and demand are a clear endorsement of that opportunity." 
Kleos Space aims to guard borders, protect assets and save lives by delivering global activity-based intelligence and geolocation as a service. The Scouting Mission, successfully launched on November 7, will deliver targeted daily services with the full constellation delivering near-real-time global observation.
"Following the successful launch of the Kleos Scouting Mission satellites on November 7, we are now well financed to execute the launch of the second cluster of satellites – Polar Vigilance Mission – in mid-2021, and to develop our third cluster of satellites targeted to be in orbit before the end of 2021,” Bowyer said.
The in-orbit commissioning phase of the Scouting Mission satellites has started to prepare them to collect data over crucial areas of interest such as the Strait of Hormuz, South China Sea, East and West Africa, Southern Sea of Japan, and the northern Australian coast. The operations team has successfully made contact with all four satellites. 
The second mission, named Polar Vigilance Mission, is a cluster of four satellites that will enhance the company’s geolocation data delivered by the Scouting Mission.

Used with other data sources, Kleos’s independent geolocation data will assist in the detection of hidden maritime activity, such as piracy, drug and human trafficking and illegal fishing.