Citra, Turion detail their newest capital raises
Gettyimages.com / Maciej Frolow
By
Ross Wilkers
Washington Harbour Partners led the Series A and B rounds for these startups focused on space, which is a priority area for the investment firm.
Citra Space
This developer of space object identification software has fetched $15 million in Series A capital to support the further development and deployment of the tools for government and commercial usage.
Citra Space was founded in 2024 by former Air Force and Space Force officers with the goal of removing uncertainties from identification missions. The company designs its software to create fingerprint-like profiles of objects by bringing together data from multiple sources into a single view.
At least 35,000 tracked objects are orbiting the Earth today but operators do not have enough context on roughly 10,000 of them to make decisions, according to Citra.
A bulk of the Series A proceeds will go toward efforts at expanding the software platform’s capability in understanding the behavioral patterns and intents of systems in space.
Washington Harbour Partners led the Series A round that also brought in Industrious Partners and Reliable Properties as new investors in Citra. Existing investors Scout VC, Squadra Ventures, Alumni Ventures and Flex Capital are continuing their involvement.
Turion Space
This builder of satellites and other spacecraft for tracking debris has collected $75 million in Series B capital to aid efforts at ramping up its manufacturing and supply chain capacities.
Turion Space was founded in 2021 by veterans from SpaceX and the advanced development arms of Lockheed Martin and Boeing. Turion’s touted government customer base includes NASA, Space Force, the Space Development Agency and the National Reconnaissance Office.
With this newfound investment, Turion will push to increase its production output to 40 spacecraft per year from the current rate of eight per year. Turion has launched two missions to date, Droid.001 and Droid.002.
Washington Harbour Partners led the Series B round, roughly one year after the investment firm first entered Turion’s network of backers.
Center15 Capital, Magnetar, HOF Capital and Industrious Ventures come in as new investors. Aurelia Foundry, Forward Deployed VC and FoundersX are continuing on as existing investors.
More on Washington Harbour Partners
Space has been an area of emphasis for the investment firm since it was founded in 2019 by Mina Faltas, who was previously the co-founder and co-managing director at Nokota Management.
Washington Harbour owns Groundswell, Raft and SixGen. The firm also is heavily involved in venture capital activity, as shown by its leadership of the new capital rounds at Citra and Turion.