Kayhan Space Announces the Closing of Its Pre-Seed Round Led by Overline

BOULDER, Colo., Oct. 6, 2020 /PRNewswire-PRWeb/ -- Kayhan Space Corp., an emerging platform provider of collision detection warnings and avoidance guidance for satellite operators, today announced the closing of its $600,000 pre-seed funding round.

Kayhan Space was founded in 2019 to help government and commercial satellite operators more efficiently and effectively do their job. The Kayhan Satellite Collision Assessment and Avoidance System provides advanced Space Situational Awareness (SSA) and maneuver modeling, critical to performing Space Traffic Management (STM). Users are able to receive fully integrated collision notifications; calculate optimal maneuver plans based on operational constraints; automatically perform maneuver screening and preemptive collision avoidance, and; track and predict satellite patterns of life and detect anomalies or changes in state.

"There continues to be exponential growth in space traffic. In fact, the upcoming launch of several mega-constellations is projected to increase the number of operational satellites by more than tenfold over the next decade," said Siamak Hesar, CEO and co-founder of Kayhan Space Corp.

"Like in ecological sustainability, orbital space also has a carrying capacity," said Moriba Jah, Associate Professor of Aerospace Engineering at the University of Texas at Austin. "Our new space race is leading to a saturation of the orbital carrying capacity, which if left unchecked, would limit our ability to prevent undesired outcomes like the loss, disruption, or degradation of space services and activities."

"As space activity continues to accelerate, so does the operational burden on satellite operators," continued Hesar. "We launched Kayhan Space to help operations engineers deal with their increased workload by providing them instant and complete access to the information they need, helping them reduce their response time to a potential collision by more than 95%."

Kayhan Space recently completed the Techstars Allied Space Accelerator program, which partners with the United States Air Force and other agencies to provide participants access to a vast network of support and customer discovery. During the program, Kayhan Space tripled the size of its team, submitted proposals to the U.S. Government with a total value of $2 million, won the AFWERX Space Resiliency Challenge, and partnered with a number of commercial space companies.

The funding round was led by Overline, an Atlanta-based seed-stage venture capital firm that primarily focuses on startups in the Southeast, and included Techstars and leading space investor, Dylan Taylor.

Sean O'Brien, Managing Partner of Overline said, "We are thrilled to partner with the Kayhan Space team in its mission to keep space safe. The Company's platform helps mission operators separate signal from noise and avoid the time and money lost on unnecessary maneuvers. We see Kayhan Space's solution playing a big part in the future growth of the space economy."

Araz Feyzi, CTO and co-founder of Kayhan Space continued, "We see tremendous interest and demand from both government and commercial satellite operators for our SSA solution, which we designed to be the easiest to use, most visually compelling and complete solution on the market. The new investment capital will go toward expanding our product and engineering teams with key additional members, as well as continued development of our platform."

"Kayhan Space is a great example of what we look for in an investment—exceptional founders, whose business provides deep customer value in large, growing markets," said Michael Cohn, Managing Partner of Overline. "We see space as a highly enviable industry and think that Kayhan Space is uniquely positioned to grow within this exciting market."

About Kayhan Space Corp.
Kayhan Space offers a complete Space Situational Awareness solution for government and commercial satellite operators. Our enterprise-grade solution is deployed on a scalable cloud infrastructure and is accessible from anywhere, on any device. The Kayhan Satellite Collision Assessment and Avoidance System ensures that satellite operators are aware of collision threats in real-time, and it provides users with clear and actionable recommendations, helping them avoid unnecessary maneuvers and reducing response time by more than 95%.

About Overline
Overline is a founder/operator-led early stage venture capital firm, based in Atlanta, that primarily focuses on investments in the Southeast United States. Its inaugural fund, Overline Seed Fund I, LP, is a generalist fund that leads pre-seed and seed investments across multiple industries and business models. Overline takes a hands-on approach to supporting its portfolio companies, providing key introductions to its network of prospective customers, partners, investors and top talent.

Contact
Siamak Hesar
Co-Founder / CEO
http://www.kayhan.space
[email protected]

SOURCE Kayhan Space

Related Links

http://www.kayhan.space