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XMeet the 10 Startups in Techstars' 2021 Space Accelerator Class
Samson Amore
Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
Techstars' Space Accelerator took off this week with its third class of space-related companies that make everything from AI-powered smart cameras to technology that can anticipate celestial collisions.
The 10 startups selected for the competitive four-month program are based across the U.S. and Australia and will work with Techstars on a mostly remote basis.
All are developing technology with multiple uses in space and will receive a $120,000 investment in addition to access to Techstars' expanding network of mentors.
That network includes aerospace experts at the Pasadena-based NASA Jet Propulsion Laboratory. Participating companies include Lockheed Martin, Arrow Electronics, SAIC and Israel Aerospace Industries.
"Alumni from our previous cohorts are launching space systems and infrastructure, raising tens of millions of dollars in venture capital as well as receiving lucrative contracts from both government and commercial customers," said Jonathan Fentzke, the program's managing director.
The program will culminate in a demo day on Sept. 2 where the startups will show off their work in hopes of winning potential investors or clients.
Fentzke noted that while no companies in this year's cohort are based in LA, Techstars still has partners mentors and investors based here.
"As it turns out the four companies in California out of 10 are not based in L.A. today, but will likely have a presence over time," Fentzke told dot.LA.
Here's a look at the 10 companies selected for this year's Techstars Space Accelerator.
Hyperkelp
LOCATION: San Clemente, Ca.
CEO: Graeme Rae
Founded by maritime engineer Dr. Graeme Rae, Hyperkelp is building buoys that aren't your average fishing bobber. Its tech can collect and transmit data about the surrounding ocean and incoming payloads from space. The company says its goal is to create a network of the buoys around the ocean to help aerospace launch companies stream data from anywhere around the world.
Hyperspec.ai
LOCATION: San Francisco, CA. and Tel Aviv, Israel
CEO: Ohad Levi
Hyperspec.ai makes smart cameras that run on artificial intelligence. The company's CEO Sravan Puttagunta previously worked in HP's engineering department. In a nutshell, Hyperspec's cameras are made to create accurate mapping and object tracking in real time, with the goal of being used on self-driving cars and other autonomous vehicles.
Nicslab
LOCATION: Sydney, Australia
CEO: Dr. Andri Mahendra
Nicslab develops technology called the "source measurement system" that uses quantum computing to help organizations optimize their internet speeds and make them faster. Its current clients include the University of Oxford, HP Labs and Mitsubishi Electric.
Pierce Aerospace
LOCATION: Indianapolis, In.
CEO: Aaron Pierce
Pierce Aerospace makes software that helps autonomous drones identify objects and payloads. It argues that this software is critical to the development of the drone industry -- after all, it can be pretty scary if a drone goes rogue because it can't see where it's going. In 2019 the company received a roughly $50,000 grant from the U.S. Department of Defense to continue work on its flagship product, the Flight Portal ID system, which the DoD wants to use on its Unmanned Aircraft Systems.
Pixspan
LOCATION: Rockville, MD.
CEO: Michael Rowny
Pixspan develops a system that lets large files be transferred from different storage locations (like hardware or the cloud) at rapid speeds -- sometimes up to 5 times faster than average, it reports. It's compatible with several app programming interfaces, the main one being Amazon Web Services.
QuSecure
LOCATION: San Mateo, Ca.
CEO: Dave Krauthamer
QuSecure is a security company that focuses on protecting government and corporate systems from hacks. Specifically, its software works to keep encrypted data from being stolen and decrypted by quantum computers, which can steal and read valuable information at rapid speed. Its customers include Google and Amazon.
SCOUT
LOCATION: Alexandria, Va.
CEO: Eric Ingram
Scout -- also known as Scout Space -- develops software that helps spacefaring companies visualize what's going on in the great beyond and avoid casualties, like crashes with other spacecraft, satellites or debris. The company was founded in 2019 and says its name is an acronym for helping Spacecraft Observe and Understand Things around them.
SeaSatellites
LOCATION: San Diego, CA.
CEO: Mike Flanigan
As the name suggests, SeaSatellites is building unmanned vessels that work as satellites for the ocean and have a wide array of potential uses, from environmental data collection to communications. Similar to their skyward counterparts, SeaSatellites' tech can be controlled from anywhere and are designed to carry payloads on long missions.
Xairos
LOCATION: Denver, CO.
CEO: David Mitlyng
This company's name is Greek to us -- literally. A nod to the Greek god of opportune time, Kairos, is an appropriate name for this startup using quantum mechanics to bring GPS-type technology to areas of the globe without internet access.
Thermexit
LOCATION: Boston, MA.
CEO: Katie Willgoos
Thermexit is the only company in this year's Space Accelerator cohort that's led by a woman. CEO Katie Willgoos joined the company in March and helps the company create and sell its main product, Theremexit Pads, which are tiny thermal sensing sticky pads that can be placed on circuit boards and inside computers.
Correction: An earlier version of this post stated this is Techstars' second space accelerator cohort. It's the accelerator's third such class. It also, misnamed the CEO of Hyperspec.ai.
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Samson Amore
Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.
https://twitter.com/samsonamore
samsonamore@dot.la
Relativity Space Soars, Reportedly Landing a $500M Investment
01:17 PM | November 18, 2020
Relativity Space raised $500 million to help it build its 3D rocket ships in a round led by Tiger Global Management, CNBC reported on Tuesday.
The raise, one of the largest this year for a Los Angeles startup, would reportedly value the company at $3.2 billion and put the region at the center of a new wave of high-value space companies.
Earlier this year, Hawthorne-headquartered SpaceX raised $1.9 billion at a reported $46 billion valuation.
Neither Relativity nor Tiger Global could be reached for comment.
Relativity was created by two twenty-somethings and seeks to revolutionize spaceflight by building the world's first 3D-printed rocket with its first iteration called Terran 1. The process is cheaper than traditional manufacturing and CEO and co-founder Tim Ellis, an alum of the Jeff Bezos-led space company Blue Origin, aims to eventually automate rocket-making on Mars.
Relativity has picked up steam recently landing a contract with Lockheed Martin to build 3D projectiles for an experimental NASA mission to test cryogenic fluid management capabilities, key to establishing a sustainable presence on the moon and sending crewed missions to Mars. And in June it struck a deal with the U.S. Air Force's 30th Space Wing to develop rocket launch facilities at Vandenberg Air Force Base.
Last year the company closed a $140 million Series C round led by Bond and Tribe Capital in October. Relativity is also backed by investors Playground Global, Y Combinator, Social Capital, and Mark Cuban.
Those funds helped build a new headquarters in Long Beach where the company is likely to expand the development of the Terran 1. It comes months after co-founder Jordan Noone resigned as chief technology officer and became an executive advisor in what he said was preparation for starting another venture.
Editor's note: dot.LA co-founder Spencer Rascoff is an investor in Relativity Space.
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Rachel Uranga
Rachel Uranga is dot.LA's Managing Editor, News. She is a former Mexico-based market correspondent at Reuters and has worked for several Southern California news outlets, including the Los Angeles Business Journal and the Los Angeles Daily News. She has covered everything from IPOs to immigration. Uranga is a graduate of the Columbia School of Journalism and California State University Northridge. A Los Angeles native, she lives with her husband, son and their felines.
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Relativity Hires Microsoft’s Scott Van Vliet to Boost Its Factory Operating System for 3D-Printed Rockets
10:37 AM | January 04, 2022
Relativity Space Photo
Relativity Space, the startup that was founded in Seattle and is now building 3D-printed rockets in Southern California, has brought in a Microsoft executive to lead its growing software engineering team and expand upon its AI-powered “Factory Operating System.”
Scott Van Vliet, who headed up the team behind the Microsoft Teams collaboration platform as a corporate vice president, will oversee more than 150 of Relativity’s employees on its Integrative Software and Additive Manufacturing teams as senior vice president of software engineering. He’ll be based in the Los Angeles area.
Before his four-year stint at Microsoft, Van Vliet played a leading role in the development of Amazon’s Echo devices and Alexa voice-assistant platform. He told GeekWire that he’s looking forward to helping Relativity Space revolutionize industrial applications for 3-D metal printing, just as he helped Microsoft and Amazon blaze trails for collaborative software and AI assistants.
Scott Van Vliet has left Microsoft to become the senior vice president of software engineering at Relativity Space.
Image via Twitter
“Thinking about where we’re going with our Stargate family of printers, and the technologies that we’re building across the stack, we can apply similar models of machine learning to transform the way we do predictive modeling, predictive printing, and build the products that we’re going to build,” Van Vliet said.
Relativity Space’s first big product, its Terran 1 rocket, is due for its first launch this year, and the company is already working on a more powerful, fully reusable rocket called the Terran R.
Relativity CEO Tim Ellis, a veteran of Jeff Bezos’ Blue Origin space venture who co-founded the company in a Seattle co-working space in 2015, said software will be key to the future of Relativity Space — and the future of the launch industry.
“Scott’s really the most senior hire the industry has made in software,” Ellis told GeekWire. “That’s exciting to me, because I very much do believe the quote from Andreessen-Horowitz that ‘software is eating the world.’ … Everything that Relativity is doing, transitioning manufacturing to more software- and data-driven approaches, is inevitable. We’re just the farthest along.”
Relativity is betting that automation and 3-D printing will dramatically reduce the cost of building rockets, resulting in far cheaper access to space.
The Factory Operating System is a key concept in Relativity’s approach: Van Vliet said he and his team will aim to boost the capabilities of a software platform that knits together all the processes involved in building rockets from piles of powdered metal. He compared the FOS to the platforms provided by Microsoft Windows, or Microsoft Teams, or Amazon’s Alexa voice assistant software.
“Frankly, it’s going to be the platform that enables things we haven’t even thought about yet — capabilities that the engineers and designers on our team will start to unlock as we think about an end-to-end integrated experience that can apply to any purpose,” Van Vliet said. “That’s the most exciting thing for me: building this platform that will accelerate the vision of Terran 1 and Terran R as well as other industries.”
Ellis acknowledged that the operating system he and Van Vliet have in mind could be applied more widely to other manufacturing markets — for example, planes, trains and automobiles. But at least for the time being, he insists that everything Relativity Space does will be focused on building the infrastructure needed to get to Mars, and eventually get industry going on the Red Planet.
Like SpaceX founder Elon Musk, Ellis is fond of saying that Relativity Space’s long-term goal is to make humanity a multiplanetary species. “We’re still only the second company in the world that has this core mission of wanting to make humanity multiplanetary,” he said. “And I do hope that there’s more. I hope we inspire dozens to hundreds of companies to be ambitious and go after these big plans.”
But unlike Musk, Ellis isn’t planning to build satellites.
“We see the opportunity for doubling down on our own platform and making our own better end products,” Ellis said. Focusing on software-optimized additive manufacturing is “an investment in that approach,” he said.
Ellis said Relativity Space’s fourth-generation Starbase 3-D printers are already theoretically capable of turning out a Terran 1 rocket in six days, and turning out a Terran R rocket in 30 days.
“There are other parts of the factory process — downstream processing, machining, inspections — and really, Scott and his team are going to be accountable for achieving that rate,” Ellis said.
Relativity seems likely to have the required wherewithal: Last June’s $650 million Series E funding round for Terran R sent total investment past the $1.3 billion mark, and total valuation is said to be in excess of $4 billion.
The company now has more than 600 employees, roughly double the workforce it had a year ago. Those workers aren’t just at the headquarters in Long Beach, Calif.: There are teams working in Washington, D.C.; at NASA’s Stennis Space Center in Mississippi; at Vandenberg Space Force Base in California; at Cape Canaveral Space Force Station in Florida — and even in Kent, Wash., not far from Blue Origin’s HQ. (Relativity says its Seattle-area office has four employees.)
“We were at a little over 100 at the beginning of the pandemic,” Ellis said. “I believe we’re the fastest-growing launch company in history, in terms of headcount growth and rate of growth over that period.”
And Relativity is still growing: Its career website lists more than 100 job openings. “This is an investment in hiring far more software engineers, data scientists, computer vision, machine learning,” Ellis said. “It’s really a kind of doubling down on a very different type of team that hasn’t existed in aerospace before to this level.”
Van Vliet said he’s long dreamed of working in the space industry, and he can hardly wait to jump in.
“I definitely have a lot to learn, getting involved with the company and starting, but I think there’s just such an incredible footprint already,” he said. “That’s what’s most exciting for me — there’s the experience that I have scaling up and leading large teams, and there’s an incredible set of assets that exist already.”
This story originally appeared on GeekWire.
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Alan Boyle, GeekWire
GeekWire contributing editor Alan Boyle is an award-winning science writer and veteran space reporter. Formerly of NBCNews.com, he is the author of "The Case for Pluto: How a Little Planet Made a Big Difference." Follow him via CosmicLog.com, on Twitter @b0yle, and on Facebook and MeWe.
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