Space Surveillance Startup True Anomaly Raises $100 Million (1)

True Anomaly Inc., a US startup designing military and intelligence space reconnaissance systems, raised $100 million from investors to ramp up output of a satellite that can track national threats in orbit.

Riot Ventures led the series B round with participation from Eclipse Ventures, ACME Capital and Menlo Ventures. True Anomaly, based in the Denver area, will use the funds to hire and scale operations. The startup’s valuation was not disclosed, but it is yet to reach unicorn status, or more than $1 billion.

True Anomaly’s systems rely on a combination of software and hardware to inform ...