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ALL.SPACE secures $44m funding to advance satellite communications technology

October 2, 2024

ALL.SPACE, an advanced communications firm known for its cutting-edge technology used in military operations, has raised $44m (£33m) in a new funding round led by defence-focused investment firm Boka Group, which recently appointed former UK defence secretary Ben Wallace as a partner.

The funding, supported by blue-chip investors such as Seraphim Space, AE Ventures, and Promus Ventures, will enable ALL.SPACE to move forward with the commercial launch of its new satellite terminal. This capital injection brings the total investment in the company to $160m (£120m) since its launch, following a $14m Series A round in 2019.

ALL.SPACE, which employs nearly 170 people, provides advanced multi-orbit, multi-network connectivity solutions across air, land, sea, and space, addressing the need for resilient, high-speed communications in complex civilian and military environments. The company’s proprietary technology is designed to eliminate communication interruptions, ensuring seamless operations in remote or dynamic settings.

Paul McCarter, CEO of ALL.SPACE, emphasised the importance of the investment in supporting the company’s mission to deliver critical connectivity solutions, particularly in defence and space industries. He noted that the backing from investors reflects confidence in ALL.SPACE’s vision and the growing demand for reliable global communications in challenging environments.

Boka Group’s managing partner, John James, praised ALL.SPACE for its leadership in transforming global communication networks, highlighting the firm’s potential to enhance operational effectiveness in industries like defence and aerospace, where seamless connectivity can be a matter of life and death.