# AST & Science

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ast-science

- Industry: Telecoms
- Headquarters: Midland, US
- Website: www.ast-science.com
- Total disclosed funding: $110M
- Latest round: Series B (Mar 3, 2020)
- Investors on record: 5

## About

AST & Science specializes in satellite-based mobile telecommunications, focusing on delivering direct cellular connectivity to enhance communication in underserved areas globally.AST & Science, founded in 2017 and headquartered in Midland, US, is dedicated to providing satellite connectivity solutions. The company raised USD 75 mn in a Private Placement in December 2022, marking its latest funding round, and has completed 4 deals to date. Abel Avellan serves as the CEO of AST & Science, contributing to its growth in the satellite telecommunications sector.AST SpaceMobile primarily focuses on providing satellite-based mobile telecommunications services, aimed at delivering direct cellular connectivity to mobile devices across the globe. The company's flagship product is the SpaceMobile Network, utilizing advanced satellite technology to bridge the connectivity gap in remote and underserved areas. This service allows users to connect their standard mobile devices without needing additional hardware or software, addressing the connectivity issue in regions lacking traditional terrestrial networks. The technology serves a diverse customer base, including mobile network operators and end users from rural communities to businesses requiring reliable communication services. AST SpaceMobile is actively expanding its reach into markets such as North America, Europe, and parts of Africa, ensuring accessibility to its solutions.In the most recent fiscal year 2024, AST SpaceMobile reported a revenue of USD 4.42 mn with an EBITDA of USD -453.41 mn, reflecting the financial dynamics associated with its business operations and growth strategies.AST SpaceMobile plans to utilize the USD 75 mn raised in its most recent funding round to support the development and launch of new satellite-based products aimed at enhancing mobile connectivity. The company is focusing on expanding its services into additional markets, including regions in South America and Asia by the end of 2025. This strategic expansion is designed to increase its customer base and strengthen its position in the global telecommunications landscape.

## Funding rounds

- Series B, Mar 3, 2020, $110M — Cisneros Group of Companies, American Tower Corporation, Vodafone UK, Rakuten Group, Inc., Samsung NEXT Ventures

## Investors

- Cisneros Group of Companies — Series B
- American Tower Corporation — Series B
- Vodafone UK — Series B
- Rakuten Group, Inc. — Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series B