Mr. Etienne Moshevich reports
PLANET VENTURES ANNOUNCES STRATEGIC INVESTMENT IN ANTARIS FOLLOWING $28 MILLION SERIES A FINANCING
Planet Ventures Inc. has made a strategic investment of $250,000 (U.S.) in Antaris, an emerging leader in AI-driven (artificial intelligence) space mission software, following the successful first close of Antaris's $28-million (U.S.) Series A financing.
Antaris is the creator of the Antaris Intelligence platform, an advanced, AI-powered solution designed to simplify and accelerate the entire life cycle of satellite missions -- from design and simulation to manufacturing and operations. The Antaris platform is gaining strong traction across both government and commercial sectors, particularly in ISR (intelligence, surveillance and reconnaissance) and communications satellite applications.
The Series A financing was led by WestWave Capital, with participation from Lockheed Martin Ventures, existing investors and new strategic backers. The raise follows a breakout year for Antaris, driven by increasing demand for its proprietary Full Mission Virtualization platform, which enables customers to design and simulate complete satellite missions before committing to hardware.
At the core of Antaris's product offerings is its TrueTwin simulation environment, which allows users to fly entire missions virtually. This capability supports advanced AI and machine-learning applications, including predictive design modelling, anomaly detection, constellation orchestration and autonomous on-orbit operations. Together, these technologies position Antaris at the forefront of the shift toward software-defined, AI-native space missions.
Antaris is also expanding globally, with recent developments including a memorandum of agreement with SARsatX to develop a 16-satellite constellation in the Kingdom of Saudi Arabia as well as early-stage exploration of opportunities in Japan. The company is actively working with sovereign governments and commercial partners to build regional and global satellite capabilities.
Planet believes Antaris represents a compelling opportunity to gain exposure to the rapidly evolving space technology sector, particularly at the intersection of artificial intelligence and satellite infrastructure.
"Antaris is building what we believe is a foundational platform for the future of space missions," said Etienne Moshevich, chief executive officer of Planet Ventures. "Their ability to virtualize and automate mission design and operations using AI has the potential to significantly reduce costs, accelerate deployment timelines and improve mission success rates. We are excited to support their growth as they scale globally."
Planet continues to focus on identifying and investing in high-growth, disruptive technology companies with strong management teams and scalable platforms.
Planet Ventures' investment in Antaris aligns with its strategic vision of supporting companies that are redefining industries through cutting-edge technology and mission-critical solutions. Antaris's momentum in both international Earth observation and U.S. defence programs underscores its broad applicability and accelerating growth trajectory.
Planet continues to evaluate additional opportunities in the space industry as well as across other innovative industries where technological disruption and structural growth trends can create long-term shareholder value.
About Planet Ventures Inc.
Planet Ventures is an investment issuer that actively invests in disruptive companies across high-growth industries. Planet aims to build long-term shareholder value through strategic investments in innovative businesses.
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