# RaySat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raysat

- Industry: Electronics
- Headquarters: Vienna, US
- Website: www.raysat.com
- Total disclosed funding: $37M
- Latest round: Series B (Jul 11, 2005)
- Investors on record: 4

## About

RaySat, Inc. is a technology company that focuses on satellite communications solutions. By integrating advanced technology, it enhances connectivity for various applications in diverse sectors.Founded in 1997 and headquartered in Vienna, US, RaySat, Inc. specializes in satellite communications technology. In March 2010, the company was acquired by Gilat Satellite Networks Ltd. for USD 25 mn. The acquisition marked a significant pivot in its business strategy, allowing for expanded capabilities in satellite communication solutions. RaySat has participated in a total of 3 deals, with the latest funding round resulting in the complete amount raised of USD 25 mn.RaySat, Inc. provides a range of satellite communication solutions that cater to both commercial and governmental sectors. Its offerings include advanced satellite antennas and communication systems designed to improve connectivity for various applications, ensuring reliable communication links in remote areas. The company serves clients globally, focusing on markets across North America, Europe, and parts of Asia, ensuring effective solutions for users across different industries.RaySat's revenue model is primarily based on direct sales of its satellite communication systems and related services. Clients typically engage through direct contracts, acquiring solutions tailored to specific needs. The structure of these transactions is established to ensure a steady revenue flow, facilitating ongoing support and service enhancements to maintain customer relationships.Following the acquisition in March 2010, RaySat plans to leverage additional investment to enhance its product line, with new satellite communication technologies expected to launch by the end of 2011. The company also aims to expand its market reach into South America and Asia-Pacific regions, targeting opportunities to increase presence in those markets over the next two years. The recent funding from Gilat Satellite Networks will be utilized to support these growth initiatives and product developments.

## Funding rounds

- Series B, Jul 11, 2005, $27M — Apax Partners, Benchmark, Israel Seed Partners
- Series A, Jun 24, 2004, $10M — Benchmark, Seed Partners

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B
- Seed Partners (https://capitalatlas.ai/funds/seed-partners) — Series A
- Apax Partners (https://capitalatlas.ai/funds/apax-partners) — Series B
- Israel Seed Partners (https://capitalatlas.ai/funds/israel-seed-partners) — Series B