LeoLabs Secures $29M in Funding to Enhance Space Debris Tracking

The investment will boost AI technology for tracking and managing space junk, aiming to improve orbital safety.

LeoLabs, specializing in tracking objects in low Earth orbit, has raised an additional $29 million, bringing its total funding to around $121 million.
The new funding will be used to enhance LeoLabs's AI-powered tracking technology, aiming to improve the management of space debris and ensure orbital safety.
LeoLabs's global network of ground-based radars tracks over 20,000 objects, with AI algorithms turning data into actionable insights for space operators.
The investment underscores the growing concern over space congestion and the potential environmental challenges it poses to Earth.
LeoLabs collaborates with government agencies and commercial satellite operators, providing critical data for space domain and situational awareness.