Sources: 
SpaceFields, a deeptech startup from Bengaluru focused on rocket propulsion systems, has successfully closed a funding round, raising
$5 million from Globaz Technologies. This investment, co-led by Rockstud Capital and Venture Catalysts, comes after the startup raised
$1.3 million in seed funding last year.
The funds will be utilized to
enhance manufacturing capabilities, secure
key regulatory certifications, and expand teams across engineering, operations, and other critical areas. The startup aims to position itself more firmly within the burgeoning space technology sector, which has witnessed increased interest and investment in recent years.
“This funding is a crucial step towards scaling our operations and meeting the growing demand for advanced rocket propulsion systems,” said a company spokesperson. With this round of funding, SpaceFields is set to make significant strides in its manufacturing processes and team expansion, strengthening its position in the industry.
As the commercial space race heats up, startups like SpaceFields are at the forefront of innovation, driving advancements in rocket technology and contributing to the overall growth of the sector.
Sources: Bengaluru-based deeptech startup SpaceFields has raised $5 million from Globaz Technologies to enhance its manufacturing capabilities and grow its workforce. The funding, co-led by Rockstud Capital and Venture Catalysts, aims to secure regulatory certifications necessary for further development.
