True Anomaly announced its $260 million fundraising effort. The Series C funding was led by Accel, with participation from Meritech Capital and existing investors Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya. Stifel Bank is providing debt capital. True Anomaly was created to develop advanced autonomous defense products for U.S. and Allied space superiority. And in the three years since its founding, True Anomaly has built and launched its Jackal spacecraft, designed and deployed Mosaic software, secured multiple government contracts, opened four offices and two production lines, raised $400 million in capital, and built a rapidly growing world-class team. In December, True Anomaly executed its Mission X-2 campaign. It recently announced the launch of its Jackal spacecraft for development in GEO and cislunar orbits, representing critical domains within the space superiority mission set. And Jackal’s balance of performance, flexibility, and adaptability will allow True Anomaly to counter threats as fast as they can change effectively. The Series C funding will support True Anomaly’s next phase of growth, vertical integration, facility expansion, product development, and implementation. In the next 18 months, True Anomaly will launch four missions across three different orbits, deliver new product offerings, and grow its talent pool to more than 250 employees.

Full report : U.S. defense startup, True Anomaly raises $260 Million for its space security technology.

For more see the OODA Company Profile on True Anomaly.