WASHINGTON — Isotropic Systems, a startup developing modular antenna systems for satellite communications, has raised $14 million from a group of investors led by Boeing’s HorizonX venture investment arm.
In an interview, Isotropic founder and CEO John Finney said Boeing and Isotropic agreed to several “strategic elements” that go beyond the cash investment.
“We are looking toward cross-licensing our [intellectual property] to them to develop some other ventures where the exploitation value of our IP, we believe is enormous,” he said.
Isotropic Systems of London and Linthicum, Maryland, will gain access to Boeing experts, test labs, and other resources as it develops user terminals for high-throughput geostationary satellites and large constellations of internet satellites in lower orbits.
Boeing HorizonX Ventures is an investor in several space startups, including smallsat propulsion startup Accion Systems, laser communications startup BridgeSat and Internet-of-Things startup Myriota. Investors Space Angels and its institutional fund Space Capital also participated in Isotropic’s Series A, as did Waterlow Management Limited.
Finney said that Isotropic, founded in 2013, is developing not just antennas, but complete user terminals that include modems and all other equipment needed to communicate with satellites.
Isotropic’s user terminals use electronics instead of ...