Lightspeed Venture Partners and Altimeter Capital led a $110m Series B round in K2 Space.

Venture capital firms Lightspeed Venture Partners and Altimeter Capital, led a $110m Series B round in K2 Space, a developing a high-powered, low-cost satellite bus platform, with participation from Alpine Space Ventures and First Round Capital. "Advanced space capabilities can't be built on small, low-powered platforms. but higher capability satellites have been far too expensive for most proliferated applications. This is the gap K2 fills – making highly capable, powerful satellites available to a much broader market. And because our satellites are designed to proliferate in higher orbits, our constellations require fewer satellites and fewer launches to provide global coverage," Karan Kunjur, K2 Space CEO.