UK's SpaceAM raises Seed funding for AI-powered defence and space sensing tech
Gloucestershire-based SpaceAM has closed a Seed funding round to develop lightweight autonomous sensing systems for defence and space applications. The funding amount was not disclosed.
SpaceAM, an aerospace and defence technology company based in Gloucestershire, UK, has closed its Seed funding round. The company develops ultra-lightweight autonomous sensing systems designed for deployment in contested and extreme environments.
The amount raised has not been disclosed. The round was backed by Foresight Group, a regional private equity and real assets investment manager.
SpaceAM's technology relies on AI-powered sensing solutions tailored for defence and space use cases, where both durability and lightweight design are critical. The company plans to use the fresh capital to scale development and deployment of its technology.
The funding round reflects continued investor interest in Europe's defence and space technology sector, where solutions combining artificial intelligence with sensing capabilities for demanding operational environments are drawing growing attention.
