AscendArc
Latest round
- Seed
Last raised
- Jan 2025
Total raised
- $0.5M
Investors
- 5
About AscendArc
Based in Oregon, US, and founded in 2023 by CEO Chris McLain, AscendArc, Inc. operates as a provider of small geostationary satellites for communication infrastructure, data relay, and remote monitoring to enterprises, public sector organizations, and international markets. In January 2025, AscendArc, Inc. AscendArc, Inc. designs and manufactures small geostationary satellites with improved bandwidth and low incremental costs. The satellites are developed for telecommunications, data transmission, and remote monitoring, utilizing advanced payload configurations and scalable production methods. The company serves telecommunications providers, government agencies, and businesses aiming to enhance communication capabilities. Revenue is generated through direct satellite sales, structured on fixed-price contracts that may include installation, maintenance, and support services. The company secures business-to-business transactions, negotiating sales based on specific client requirements. Revenue streams rely on project-based billing and ongoing service agreements.
Who invested in AscendArc
5 investors across 1 round
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Funding rounds
Seed
Jan 29, 2025
Amount
$0.5M
Investors
Questions about AscendArc
Who invested in AscendArc?
AscendArc has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AscendArc raised?
AscendArc has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did AscendArc last raise money?
AscendArc's most recent round on record is a Seed, in Jan 2025.
What does AscendArc do?
Based in Oregon, US, and founded in 2023 by CEO Chris McLain, AscendArc, Inc.
Where is AscendArc headquartered?
AscendArc is headquartered in Beaverton, US.
Which VCs invest in companies like AscendArc?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back aerospace companies at AscendArc's stage. Their profiles are linked below.
VCs backing aerospace startups at Seed
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