Sceye Secures Funds in Series C Round Led by Mawarid Holding Company
Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), has successfully closed its Series C funding round, led by Mawarid Holding Company. The round values Sceye at a pre-money valuation of $525 million, providing sufficient liquidity for R&D activities, flight programs, and the launch of initial commercial operations in 2025.
This strategic alliance follows América Móvil's involvement in Sceye's Series B round. The funding will accelerate platform development and the commercial roadmap. Sceye recently demonstrated perpetual flight capabilities in its 2024 flight program, showcasing the potential of HAPS technology in expanding connectivity access, managing disaster response, and monitoring environmental changes.
Sceye, una delle principali aziende aerospaziali statunitensi specializzata in Sistemi di Piattaforma ad Alta Altitudine (HAPS), ha concluso con successo il suo round di finanziamento Serie C, guidato da Mawarid Holding Company. Questo round valorizza Sceye con un valore pre-money di 525 milioni di dollari, fornendo liquidità sufficiente per attività di R&D, programmi di volo e il lancio delle prime operazioni commerciali nel 2025.
Questa alleanza strategica segue il coinvolgimento di América Móvil nel round di Serie B di Sceye. Il finanziamento accelererà lo sviluppo della piattaforma e la roadmap commerciale. Sceye ha recentemente dimostrato capacità di volo perpetuo nel suo programma di volo del 2024, evidenziando il potenziale della tecnologia HAPS nell'espandere l'accesso alla connettività, gestire le risposte alle emergenze e monitorare i cambiamenti ambientali.
Sceye, una de las principales empresas aeroespaciales de EE. UU. especializadas en Sistemas de Plataforma de Gran Altitud (HAPS), ha cerrado con éxito su ronda de financiación Serie C, liderada por Mawarid Holding Company. Esta ronda valora a Sceye con una valoración pre-money de 525 millones de dólares, proporcionando liquidez suficiente para actividades de I+D, programas de vuelo y el lanzamiento de las primeras operaciones comerciales en 2025.
Esta alianza estratégica sigue la participación de América Móvil en la ronda de Serie B de Sceye. La financiación acelerará el desarrollo de la plataforma y la hoja de ruta comercial. Sceye demostró recientemente capacidades de vuelo perpetuo en su programa de vuelo de 2024, mostrando el potencial de la tecnología HAPS para ampliar el acceso a la conectividad, gestionar la respuesta a desastres y monitorear los cambios ambientales.
Sceye는 고고도 플랫폼 시스템 (HAPS) 전문 미국의 선도적인 항공 우주 회사로, Mawarid Holding Company가 주도하는 시리즈 C 자금 조달 라운드를 성공적으로 마감했습니다. 이번 라운드는 Sceye의 예상 가치 5억 2500만 달러로 평가되어, 연구 및 개발 활동, 비행 프로그램 및 2025년에 초기 상업 운영을 시작하는 데 충분한 유동성을 제공합니다.
이번 전략적 제휴는 Sceye의 시리즈 B 라운드에 대한 América Móvil의 참여에 이어 이루어진 것입니다. 자금은 플랫폼 개발과 상업 로드맵을 가속화할 것입니다. Sceye는 최근 2024년 비행 프로그램에서 영구 비행 능력을 시연하였으며, 이는 HAPS 기술의 잠재력을 보여주고 연결 접근 확대, 재해 대응 관리, 환경 변화 모니터링에 기여할 수 있습니다.
Sceye, une entreprise aérospatiale américaine de premier plan spécialisée dans les Systèmes de Plateforme à Haute Altitude (HAPS), a réussi à clôturer son tour de financement de Série C, dirigé par Mawarid Holding Company. Ce tour valorise Sceye à une évaluation pré-money de 525 millions de dollars, fournissant suffisamment de liquidités pour les activités de recherche et développement, les programmes de vol et le lancement des premières opérations commerciales en 2025.
Cette alliance stratégique fait suite à l'implication d'América Móvil dans le tour de Série B de Sceye. Le financement accélérera le développement de la plateforme et la feuille de route commerciale. Sceye a récemment démontré des capacités de vol perpétuel lors de son programme de vol 2024, mettant en avant le potentiel de la technologie HAPS pour étendre l'accès à la connectivité, gérer les interventions d'urgence et surveiller les changements environnementaux.
Sceye, ein führendes US-amerikanisches Unternehmen im Bereich Luft- und Raumfahrt, das sich auf Hochaltitude Plattform Systeme (HAPS) spezialisiert hat, hat erfolgreich seine Finanzierungsrunde der Serie C abgeschlossen, die von der Mawarid Holding Company geleitet wurde. Die Runde bewertet Sceye mit einer Pre-Money Bewertung von 525 Millionen Dollar und bietet ausreichend Liquidität für F&E-Aktivitäten, Flugprogramme und den Start der ersten kommerziellen Operationen im 2025.
Diese strategische Allianz folgt auf die Beteiligung von América Móvil an Sceyes Serie-B-Runde. Die Finanzierung wird die Plattformentwicklung und den kommerziellen Fahrplan beschleunigen. Sceye hat kürzlich perpetuelle Flugfähigkeiten in seinem Flugprogramm 2024 demonstriert und zeigt das Potenzial der HAPS-Technologie zur Erweiterung des Zugangs zur Konnektivität, zur Bewältigung von Katastrophenreaktionen und zur Überwachung von Umweltveränderungen.
- Successful closure of Series C funding round
- Pre-money valuation of $525 million
- Sufficient liquidity for R&D, flight programs, and commercial launch in 2025
- Strategic partnership with Mawarid Holding Company
- Demonstrated perpetual flight capabilities in 2024 flight program
- None.
Insights
The successful Series C funding round for Sceye, valuing the company at
The strategic partnership with Mawarid Holding Company, a prominent Saudi , opens new territories and market opportunities for Sceye, potentially accelerating its growth trajectory. This follows the successful partnership with América Móvil in the Series B round, indicating a pattern of securing strategic investors to facilitate market entry.
Investors should note that while the funding provides a runway for commercialization, the company's success will ultimately depend on the market adoption of its HAPS technology and its ability to generate revenue from commercial operations starting in 2025.
Sceye's recent achievement in demonstrating perpetual flight capabilities is a groundbreaking technological advancement in the HAPS sector. The ability to operate continuously using solar power during the day and battery storage at night solves one of the key challenges in high-altitude platform systems.
This breakthrough positions Sceye as a potential leader in creating a new infrastructure layer between terrestrial and space systems. The applications for this technology are vast, including expanded connectivity access, improved disaster response, environmental monitoring and real-time detection of climate-related events.
However, investors should be aware that transitioning from successful test flights to full-scale commercial operations by 2025 may present significant engineering and operational challenges. The company's ability to scale production and maintain consistent performance in various environmental conditions will be important for its commercial success.
The HAPS market is gaining traction, with Sceye positioning itself as a key player. The strategic partnership with Mawarid Holding Company not only provides capital but also opens doors to the Middle Eastern market, potentially giving Sceye a competitive edge in this region.
The company's focus on applications such as connectivity expansion, disaster response and environmental monitoring aligns with growing global needs, particularly in underserved areas and developing countries. This diversified application portfolio could provide multiple revenue streams and mitigate market risks.
However, investors should consider the competitive landscape, including potential alternatives from established aerospace and tech giants. The success of Sceye will depend on its ability to demonstrate clear advantages over existing solutions and to navigate regulatory challenges in different markets. The 2025 commercial launch target provides a concrete timeline for investors to assess the company's progress and market readiness.
Sceye Valued at
Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of
This strategic alliance continues Sceye's successful partnership strategy, following América Móvil's involvement as the largest investor in their Series B round with a focus on
"The Series C round is a critical milestone for Sceye. These funds will accelerate our platform development and commercial roadmap, paving the way for the commercialization of our HAPS technology in 2025. Our partnership with Mawarid opens new territories and market opportunities for our innovative solutions," said Mikkel Vestergaard Frandsen, CEO and Founder of Sceye.
Ghassan Itani, Assistant Chairman of Mawarid, added, "This partnership reinforces Mawarid's commitment to pioneering technology advancements and delivering digital solutions that serve critical industry sectors. By incorporating HAPS technology, we enhance our position as a comprehensive provider of strategic industry solutions."
This Series C investment announcement follows the success of Sceye's 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation. The test flight proved that Sceye's HAPS can operate continuously, with solar energy powering the system during daylight hours and battery storage ensuring overnight flight.
This achievement signifies the advent of a new infrastructure layer between terrestrial and space systems. It highlights the transformative potential of HAPS technology in expanding connectivity access, managing disaster response, monitoring environmental changes, and detecting climate-related disasters in real time.
About Sceye
Founded in 2014, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention.
About Mawarid:
Established in 1968, Mawarid Holding Company (MHC) is a leading Saudi corporation with a diverse portfolio spanning, but not limited to, ICT, satellite, and digital solutions. MHC has been a player in the global communications landscape, including its role as a founder and shareholder in Iridium Communications Inc. (Nasdaq: IRDM) since the early 1990s and its operations in various ICT and media sectors across the
Media Contact:
Jasmine Wallsmith
jw@sceye.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/sceye-secures-funds-in-series-c-round-led-by-mawarid-holding-company-302249509.html
SOURCE Sceye
FAQ
What is Sceye's valuation after the Series C funding round?
When does Sceye plan to launch its commercial operations?
Who led Sceye's Series C funding round?
What technology does Sceye specialize in?
What significant milestone did Sceye achieve in its 2024 flight program?
