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    Home»Fundraising»Horizon Technologies gets funding for maritime surveillance satellites
    Fundraising

    Horizon Technologies gets funding for maritime surveillance satellites

    May 19, 20211 Min Read
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    A British company that equips spy planes and drones to track satellite telephones has raised capital to launch a handful of tiny surveillance spacecraft to listen for signals from ships operating clandestinely.

    Horizon Space Technologies, a recently established subsidiary of Berkshire, England-based Horizon Technologies, is prime contractor for the U.K. government’s cubesat signals intelligence program called IOD-3 Amber.

    The British government aims to use Horizon’s data to counter activities ranging from illegal fishing to human trafficking across its coastal waters.

    The company recently split into two business segments, hardware-based Horizon Aerospace Technologies and data-based Horizon Space Technologies, after FlyingFish helped it report more than 4.5 million British pounds ($6.4 million) in sales for 2020.

    Read more/Source: SpaceNews

    by Jason Rainbow

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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