Latest news with #funding
National Post
10 hours ago
- Science
- National Post
Cascade Space Announces $5.9M Seed Funding to Build End-To-End Space Communication Platform
SAN FRANCISCO — Cascade Space, the platform for end-to-end communication system design, test, and operation, today announced that it has raised $5.9 million in seed funding. The round included participation from Nova Threshold, Undeterred Capital, Y Combinator, Night Capital, Olive Capital, Valkyrie Ventures, Karman Ventures, Palm Drive Capital, Garage Capital, TRAC, Aurelia Foundry, Hawktail, Pioneer Fund, Liquid 2 Ventures, and others. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. SUBSCRIBE FOR MORE ARTICLES Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors The funding will accelerate the development of the Cascade Portal, a platform for satellite communication system design. Cascade recently released the spacelink Python library open-source. This library contains functions for communication system analysis that is used in the Cascade Portal implementation. 'Our mission at Cascade Space is to provide tools and infrastructure for spacecraft communication system design, test, and operations that will allow our customers to ship faster with the highest levels of mission assurance,' said Jacob Portukalian, co-founder and CEO of Cascade. 'Communication system design, test, and operation is a major bottleneck for space companies, especially those going to lunar and deep space. We have a team of veteran space engineers from SpaceX and Astra and we are stoked to be building the end-to-end platform to accelerate space exploration.' Cascade Space is a space communication system company. Founded in 2025, Cascade Space is building the platform for design, test, and operation for space communication systems. For more information, visit View source version on Jacob Portukalian Co-Founder / CEO jacob@
Geek Wire
12 hours ago
- Business
- Geek Wire
RFID startup Xemelgo lands new funding from Zebra Ventures
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter, and check out the GeekWire funding tracker and venture capital directory.
BBC News
12 hours ago
- Business
- BBC News
Shields Ferry increased cost funds approved
Funds to cover a multimillion-pound increase in the cost of a new ferry landing have been for the future of the Shields ferry crossing were raised after it emerged its current facility in North Shields is no longer fit for purpose.A £14.6m package to build a new landing was agreed last summer, however this week the North East Combined Authority (Neca) was asked to allocate another £5.9m to cover rising East Mayor Kim McGuinness said the money would "fully safeguard" the ferry, which runs across the Tyne to South Shields. The latest funding has been allocated from the £1.85bn transport pot from central government announced earlier this said: "We've all seen the headlines about rising construction costs. "We haven't been immune to that so we have had to put extra funding in to make sure the beloved ferry is is hoped the landing will be completed by 2027. In 2020, the estimated cost stood at £8.8m. Since then, the project has been beset by issues, the Local Democracy Reporting Service Nexus lost a £5.6m grant from the government's Getting Building Fund because it could not meet a requirement to complete construction by spring scheme was later included in a Levelling Up Fund bid from North Tyneside Council as part of a wider regeneration of North Shields, but the application was year Nexus estimated the cost at £14.6m due to the effects of inflation, but that has now increased publicly owned organisation indicated the rising bill was because of the "very complex" nature of building at the Fish Quay, but said it could not confirm the full price tag until it had appointed a contractor. Follow BBC North East on X, Facebook, Nextdoor and Instagram.
The Herald
14 hours ago
- Business
- The Herald
KZN MECs deny public funds abuse amid calls for their heads
'The funding in question relates to a period specifically between 2014 and 2016, when I was not the chair of the committee. I became chair of the portfolio committee after June 2016.' She said she could not have influenced procurement processes due to the separation of powers in government as MPLs, including committee chairs, have no role in supply chain management or operational decisions of the department. 'These facts are easily verifiable, and their deliberate distortion shows that this is not an attempt to inform the public but rather a well-calculated political smear campaign.' Simelane's response follows a statement by provincial education MEC Sipho Hlomuka who was embroiled in similar allegations by the National School Nutrition Programme (NSNP) Service Providers' Association and opposition parties. Hlomuka is faced with allegations of political interference and personal enrichment in the controversial R2.9bn NSNP tender scandal. He is alleged to have interfered with the tender processes to benefit his allies in the ANC. He has since been directly linked, after it emerged a company registered to him in 2015 was among the beneficiaries of the tender issued by his department. Hlomuka admitted he registered the company in 2015 when he was not part of government but claimed he relinquished his stake well before taking office and is not aware of its current activities. 'Indeed in 2015 I opened the company and had been participating in a number of government and private services but currently I don't own any company. Let's allow those who are owning the company (to respond) because I don't want to be its spokesperson,' he said in an interview with Newzroom Afrika on Wednesday evening.
Yahoo
14 hours ago
- Business
- Yahoo
Rural Asset Finance secures £120m facility backed by BBB guarantee
A new agreement between the British Business Bank and Rural Asset Finance is set to unlock around £120 million in funding for smaller rural and agricultural businesses across the UK. The deal, part of the Bank's ENABLE Guarantee programme, is expected to significantly expand access to competitive finance in the sector. The facility is being supported by funding from NatWest Bank and BCI Capital, with the British Business Bank guaranteeing a portion of NatWest's contribution. The agreement also includes sustainability-linked incentives that could lower borrowing costs if environmental performance targets are met. Michael Strevens of the British Business Bank said the transaction 'builds on the work we have done through the ENABLE Guarantees programme,' and is designed to improve funding access for non-bank lenders like Rural Asset Finance. He added that linking pricing to sustainability goals could lead to 'further expansion of small business lending in sustainable areas, including farm renewable energy installations.' Rural Asset Finance, established in 2019, specialises in providing tailored finance solutions to UK farmers and rural enterprises, combining asset finance and business loans to support modernisation, diversification, and sustainability efforts. Matthew Smart, Managing Director of Rural Asset Finance, described the new facility as a 'highly competitive offering' that puts the company in a strong position to support both advanced food production and alternative income strategies. 'Food production and diversification on UK farms are key to ensuring a healthy, robust future for the industry and the wider rural economy,' he said. NatWest Bank, a key funding partner, emphasised the strategic value of the initiative. Matthew Whittle, Relationship Director at NatWest, said the ENABLE Guarantee would 'help unlock capital, reduce costs and ultimately increase access to competitive funding for agricultural and rural businesses.' BCI Capital's Will Haynes echoed the importance of supporting specialised lenders. 'Rural Asset Finance plays a crucial role in enabling growth and resilience across the UK's agricultural and rural business landscape,' he said, adding that the partnership reflects BCI's commitment to underserved sectors and sustainable growth. The ENABLE Guarantee scheme, administered by the British Business Bank, is designed to encourage increased lending to small and medium-sized enterprises by allowing lenders to reduce the capital needed to support such loans, with the UK Government taking on part of the risk. "Rural Asset Finance secures £120m facility backed by BBB guarantee" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
