NanoSatisfi Raises $300K From Grishin Robotics

NanoSatisfi said it raised $300,000 from Grishin Robotics. The funding follows the company’s crowdfunding campaign on KickStarter, where it raised more than $100,000 from about 700 backers in 30 days.

NanoSatisfi will use the funds to build new nanosatellites, launch them and add to its team of engineers. Two satellites are built and are scheduled to be launched in a few months. The company’s mission is to give access to nanosatellites to any person in the world for $250 a week.

PRESS RELEASE

Russians and Americans partner to bring Moore’s Law to space

July 11, 2013. On the historic day of the first transatlantic satellite television transmission (1962), US-based NanoSatisfi announces a $300,000 investment from Grishin Robotics, financed by a Russian entrepreneur. The mission of NanoSatisfi is to give access to nanosatellites in space to any person in the world for just $250/week.

The first users will include kids, students, and educational organizations. They will use nanosatellites as a tool for inspiring interest in STEM-disciplines. NanoSatisfi will provide a web-platform, giving direct access to the nanosatellites, as well as open API for building applications on top of it.

The company will use the funds to build new nanosatellites, secure launches for them, and extend the team of engineers. Two satellites have already been built and are scheduled to be launched into space in a few months. Next year, NanoSatisfi would like to give access to space to more than 25,000 people, which will require at least 4 satellites.

Nanosatellites in comparison to older satellites are like personal computers vs. mainframes. They are much smaller (1-2 kg/10 cm cubed), faster, and cheaper to build (due to the use of CubeSat standard), allowing for regular upgrading of their capabilities instead of relying on decade-old technologies.

The computational power of the first NanoSatisfi satellite to be put into space will be roughly 1000x higher than that of the Voyager 1 spacecraft. As a result, it is affordable to bring into space not just a single satellite, but the whole constellation of nanosatellites, thus dramatically increasing the quality and quantity of the available data and capabilities.

Such a dramatic shift in paradigm allows us to efficiently employ nanosatellites in a wide variety of applications that are crucial for humanity, including weather prediction, precision agriculture, disaster management, and many others.

NanoSatisfi is famous for one of the most successful crowdfunding campaigns in the history of KickStarter. In just 30 days, the сompany raised more than $100,000 from almost 700 backers. The founder and team members have previous work experience and a partnership with NASA, Harvard Business School, CERN, Singularity University, International Space University, Oxford, Berkeley, and Citibank.

The company is a proponent of open-source ideology – most of the software & hardware specifications are available for tinkering by third-party engineers. NanoSatisfi also hosts a summer program that is aimed at the involvement of more people who are interested in space and related applications.

“We are very excited to have Grishin Robotics partner with us. Dmitry immediately got the concept that our autonomous satellites are basically robots in space. This virtual extension of human capabilities is a vision that we share because these affordable devices are breaking down the barriers to accessing space and bringing to bear the benefits of accessing large scale space based data collection”, said Peter Platzer, founder of NanoSatisfi, Austrian-born physicist with a successful Wall Street background.

“We are excited about the nanosatellites market which is gradually becoming a more significant part of the robotics revolution. The same trends are transforming both industries. The price and barriers to entry, which are necessary to surmount in order to work with ‘robots in space’, are becoming lower every day. NanoSatisfi disrupts and truly democratizes the space industry, making it much more accessible to a wider audience than ever before. The number of launched satellites is projected to  nearly double in 2020 in comparison to 2013 and the company is very well positioned to become a leader of this emerging market”, said Dmitry Grishin, founder of Grishin Robotics, Co-founder & CEO of Mail.Ru Group.

About NanoSatisfi

NanoSatisfi, situated in California, USA, democratizes access to space exploration, images, and data by providing individuals access to a user-programmable in-orbit nano-satellite for $250/week. Using a simple online satellite control interface and hands-on experiments, users aged 12 and up can program and control the satellite, provide instructions on sensor activation, track satellite orbit, and download data and pictures from space. NanoSatisfi also provides users with a full online curriculum on satellite technologies, science, programming, and sensors in a blended learning environment. Hiding all the complexities of space, this simple, integrated environment allows everyday individuals and students to access space – and not only rocket-scientists.

About Grishin Robotics
Grishin Robotics is a global investment company that is dedicated to supporting personal robotics around the world. With an initial $25 million to invest in various projects and initiatives, Grishin Robotics is focused on raising the profile of the robotics industry and helping robotics entrepreneurs advance their products and ideas. For more information, visit http://www.grishinrobotics.com

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