Boeing HorizonX Ventures advances satellite communications with investment in BridgeSat

Boeing [NYSE: BA] has announced its has invested in optical communications solutions company BridgeSat, Inc. to enable the future of connectivity in space through a network of ground stations and proprietary space terminals, the company said.

BridgeSat is developing a global network of optical ground stations (OGS) to transmit large amounts of data into space quickly and reliably. Its stations support low Earth orbit (LEO) and geostationary (GEO) satellite optical communications, enabling secure transmissions between satellites, other spacecraft, unmanned aerial vehicles and high-altitude aircrafts.

BridgeSat was formed in 2015 to address cost, bandwidth and infrastructure limitations in space-based optical communications. The company recently announced an industry-first agreement with NASA to develop a commercialized free-space optical communication system that could support the agency´s future missions.

Boeing HorizonX Ventures led BridgeSat´s Series B funding round, with participation by Allied Minds. The investment and relationship with Boeing connects BridgeSat with Boeing experts, testing labs and other valuable resources to accelerate the deployment of its OGS services around the world.

Boeing HorizonX Ventures targets investments that help scale startup innovation in aerospace. Its portfolio is made up of companies specializing in autonomous systems, additive manufacturing, energy and data storage, advanced materials, augmented reality systems and software, machine learning, hybrid-electric and hypersonic propulsion and Internet of Things connectivity.

Boeing is the world´s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top US exporter, the company supports airlines and US and allied government customers in more than 150 countries.