EnduroSat secures $205 million to expand satellite production

Bulgarian satellite manufacturer EnduroSat has secured $205 million in a new funding round led by Riot Ventures and Atreides Management. Other participants include Google Ventures, Founders Fund, the European Innovation Council, and several other venture capital firms. This follows a $104 million round announced earlier this year, bringing the company's total capital raised in 2026 to over $300 million.

The company intends to use the new capital to expand its production capacity, which includes constructing a new manufacturing facility in the United States and developing what it describes as the largest space and defense hub in the European Union.

EnduroSat focuses on standardized, mass-produced satellites that can be configured via software and different payloads. Its product lineup includes CubeSats as well as the FRAME series, which ranges from 200kg to 5-ton platforms. The company aims to streamline space infrastructure by offering services that cover everything from mission design and component integration to launch and orbital operations.