Akash Systems Raises $14.5 Million in Series A Funding
The $14.5 million Akash raised comes from Khosla Ventures, ACME Capital Correlation Ventures, Founders Fund, Sriram Krishanan and other investors. This Series A funding round comprises $10 million in equity funds, plus $4.5 million from prior convertible notes.
Akash develops and supplies the next generation of RF technology and products for its satellite infrastructure based on its new material system, GaN-on-Diamond. It plans to deploy the new capital toward scaling its transmit and receive radio modules and power amplifier business, moving it closer to profitability.
Akash has designed its satellite transmit and receive radio modules to easily integrate with existing ground station and satellite infrastructure for satellite makers in all markets. Akash’s radios promise performance current devices have not yet achieved.
The startups is currently manufacturing GaN-on-Diamond-based power amplifiers and radio modules for customers who make satellites requiring high frequency and high power efficiency. It plans to launch its radio products in Q4 2019.
The company was founded in 2016 by Felix Ejeckam and Ty Mitchell.