Share My Space Secures €10m Series A Funding, Unveils New Identity as Aldoria

Share My Space, a Space Situational Awareness (SSA) specialist, has successfully closed its Serie A funding round, securing €10 million in equity investments. The company has also rebranded to become Aldoria, which is a former name of the Pleiades nebula.

The latest investors in Aldoria include Starquest Capital, the European Innovation Council Fund, and the French State through its "Deeptech 2030" fund managed by Bpifrance, Expansion Ventures, Space Founders France, and Wind Capital. With this funding round, the total amount of investment in the company has reached €22 million to date.

Aldoria aims to expand its network of optical surveillance stations from six to 12 stations by 2025. This expansion will be carried out on four continents. Additionally, the company plans to develop and refine a multi-sensor approach to address more customer use cases through data fusion.

"We have been striving for half a decade to make Earth orbits recognized as part of our environment," said Romain Lucken, CEO of Aldoria. "More and more people in the space community and beyond have become aware of the space debris issue. We are very happy that orbital environment protection is now supported by green finance, and we are therefore particularly proud of our partnership with Starquest Capital through their Protect Article 9 fund, with the continued support of our existing shareholder Expansion Ventures, as well as several public investors."

The company highlights that the number of active satellites in low Earth orbit is expected to grow from 9,000 today to 40,000 in 2030. Aldoria's orbital information system has already generated 230,000 independent measurements on 5,000 objects and has anticipated 30 million "close approaches" between space objects in 2023.

Aldoria's wide-view optical system is capable of detecting large amounts of small objects, including stealth satellites.

With the new funding and expansion plans, Aldoria is well-positioned to continue its mission of ensuring the safety and sustainability of Earth's orbits.