SWISSto12 raises $18.44 million
Lausanne, Switzerland – August 29, 2019 – SWISSto12, a leading provider of telecommunications equipment for the satellite and aerospace industries, announced today the closing of a CHF 18.1M (USD 18.5M) Series B financing round led by Swisscanto Invest by Zürcher Kantonalbank and Swisscom Ventures and returning investor Constantia New Business (CNB).
SWISSto12 aims for a leading position in advanced engineered RF solutions for telecommunications, electronic warfare and radar products in the Aerospace and Defense industries. The company’s patented 3D printing and associated engineering technologies are unique to deliver lightweight, highly performing and competitive RF communication products and payload systems. SWISSto12’s prominent partners and customers are Thales, Airbus Defense & Space, Elbit, IAI ELTA, Maxar, Cobham Advances Electronic Solutions, European Space Agency. SWISSto12 is the fastest growing Swiss space company, spun off from the Swiss Federal Institute of Technology in Lausanne (EPFL).
This new round will accelerate the company’s industrialization and the commercial deployment of its antenna products for communication satellites electronic warfare and radar applications. The company will also direct the funding toward the introduction of new advanced communication payloads for the SmallSat market and continue the expansion of its recently opened offices in the U.S. and Israel.
“SWISSto12 will industrialize further its processes and expand production capability to address business cases like constellations as well as overall commercial demand,” said SWISSto12 CEO Dr. Emile de Rijk.
With the new funding, SWISSto12 also is moving into new markets. It recently established a U.S. subsidiary, SWISSto12 Inc. in Santa Clara, California, and an office in Israel. “The aim is to increase our capacity to serve U.S. clients as well as increase our overall payload and systems engineering capabilities,” Dr. Emile de Rijk said.