Galaxia has closed an oversubscribed $4.5 million funding round to support the expansion of its satellite technology and space infrastructure business.
The Halifax-based company said in a press release Thursday the financing was co-led by Montreal-based Amiral Ventures and Invest Nova Scotia. Other investors included Reaction Dynamics and Anges Québec.
Galaxia said the capital will be used to accelerate the development of satellite systems, hybrid space networking technologies and sovereign space capabilities aimed at commercial and government customers.
“This is a clear signal of alignment between our vision and market demand,” said Galaxia CEO Arad Gharagozli in the statement. “We are building the foundation for a new class of space systems which deliver intelligence, not just data. This funding enables us to scale that capability, strengthen sovereign capacity, and accelerate the transition to real-time, software-defined operations in orbit.”
Galaxia develops onboard computing technology that combines communications, networking and mission software into a single architecture designed to provide real-time insights from satellites. The company said its technology is based on Canadian intellectual property and is intended to support secure domestic space capabilities.
The financing comes as governments and private-sector organizations increase investment in satellite systems for defence, national security and commercial uses. Galaxia said demand is growing for space infrastructure that can operate with greater autonomy and provide faster access to information.
Chris Morrissey, deputy minister of Nova Scotia’s Department of Growth and Development and chief executive of Invest Nova Scotia, said the province’s companies are developing technologies for global markets and that the agency is supporting Galaxia’s work in defence and commercial space systems.
Galaxia is developing satellite platforms and mission infrastructure for commercial, civil and defence customers. Through its MissionOne program and spacecraft platforms, the company is working on technologies intended to support Canadian and allied space capabilities.
In 2023, the company received $1.7 million from the Canadian Space Agency to launch the first two in a “constellation” of satellites equipped with its edge computing technology.
“Galaxia is truly a trailblazer in sovereign space infrastructure and has demonstrated its leadership in making real-time Earth observation a reality," said Frederic Bastien, Managing Partner at Amiral Ventures. "This investment in Canadian innovation fits squarely within our resilience thesis."
