Neuraspace, founded in 2020 and headquartered in Portugal, is a burgeoning player in the AI and Space industries. The company is pioneering advancements in space traffic management with its slogan, "Smarter Space Traffic Management. Satellite collision avoidance powered by AI & ML."
Neuraspace addresses the escalating issue of space debris, which poses significant risks and financial liabilities to satellite operators by automating the process of collision risk avoidance. Utilizing cutting-edge Machine Learning algorithms, the company enhances satellite operations efficiency and accuracy by predicting up to 33% more high-risk collision scenarios that conventional methods miss.
In its latest funding round on 23 March 2022, Neuraspace secured a €2.50M Seed Round investment from Armilar Venture Partners. This infusion of capital stands to bolster its mission of evolving spacecraft operations with AI-driven, data-centric solutions.