GIC-backed Waverly led a $51m Series B round in Skyroot Aerospace.

Waverly, a subsidiary of GIC, led a $51m Series B round in Skyroot Aerospace, a space-tech startup. “This round puts us in a trajectory of hyper-growth by funding all of our initial launches, and enables building infrastructure to meet high launch cadence required by our satellite customers. Our goal is to become the best-in-class launch services provider and go-to destination for affordable and reliable small satellite launches,” Pawan Kumar Chandana, Skyroot Co-Founder and CEO.