Varda Space Industries has raised a $42 million Series A to bring to manufacturing a key capability that can only be found off-world: microgravity.
The eight-month-old startup is looking to establish its first manufacturing facility in space as early as 2023, and by doing so, bring back to Earth advanced products that can only be made under sustained periods of zero gravity.
The round was led by Khosla Ventures and Caffeinated Capital, with participation from existing investors Lux Capital, General Catalyst and Founders Fund. It pushes the company’s total raise thus far to over $50 million, including a $9 million seed round last December.
Varda’s idea is different than