Spacebackend, a technology startup focused on modernising engineering processes in the aerospace industry, announces the completion of a €1.8 million pre-seed funding round, bringing its total capital raised to over €2.2 million. The round included participation from Bynd Venture Capital, Athos Capital and Draper B1, complemented by strategic non-dilutive funding from the Luxembourg Space Agency (LSA).
“Our ambition is to make Spacebackend a platform that enables the development of the next generation of aerospace systems. With the growing demand to launch more hardware and infrastructure into space, our mission is to reduce integration efforts from years to days. By enabling aerospace teams to streamline the entire hardware integration, testing and validation process into a single platform, we ensure faster integration timelines for all types of requirements”, says Dmitry Goldenberg, founder and CEO of Spacebackend.
Through its artificial intelligence (AI)-assisted platform, Spacebackend addresses the structural challenge of integrating hardware and software in mission-critical systems, particularly given that the fragmentation, manual nature and slowness of these processes continue to hinder the scalability and reliability of space missions.
"This technology is addressing a structural problem in the aerospace industry by reducing complexity and dramatically increasing the efficiency of equipment integration processes in satellites. We believe Spacebackend has the potential to become an essential tool for the next generation of mission-critical systems, and it is exactly the kind of investment that Bynd wants to continue supporting”, says Francisco Ferreira Pinto, partner at Bynd Venture Capital.
“We decided to invest in Spacebackend because its AI-based technology has the ability to generate, on the one hand, agnostic middleware and, on the other hand, digital twins based on technical documentation. At Draper B1, we are confident in its potential to become an industry standard in a market that will grow exponentially in the coming years”, says Jon Etxeberría, Principal de Draper B1.
In a context of fast growth in the space economy and increasing mission complexity, the funding will allow the company to strengthen its team, accelerate market entry and continue to evolve its platform, incorporating new automation and AI capabilities to meet the demands of highly regulated and critical environments.
About Spacebackend
Spacebackend is a technology startup dedicated to transforming the way aerospace systems are integrated, tested and validated. Through an AI-assisted engineering platform, the company enables aerospace teams to drastically reduce the time and complexity associated with hardware integration, ensuring greater reliability, efficiency and speed of execution.
About Bynd Venture Capital
Founded in 2010 as a group of business angels, Bynd Venture Capital evolved into a venture capital management firm in 2015. With a strong track record of more than 70 investments and an experienced, professionalised team in the sector, Bynd Venture Capital primarily invests in pre-seed and seed-stage startups with a presence in Portugal and/or Spain. Its investor base includes experienced professionals from diverse backgrounds (funds of funds, corporates, business owners and entrepreneurs) and from different geographies (Portugal, Spain, Germany and Switzerland).
About Draper B1
Draper B1 is a venture capital firm headquartered in Valencia with an international presence, specializing in early-stage technology startups. It is part of the Draper Venture Network, the global alliance led by Tim Draper that brings together more than twenty funds with a presence in the world's leading technology hubs. Its purpose is to support entrepreneurs and provide them with the tools and connections necessary to scale and globalize their companies. Membership in the Draper ecosystem offers direct access to an international network focused on the United States, facilitating expansion and accelerating the growth of its portfolio companies.
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