Varda Space Industries has raised $42 million in Series A funding to lead to the production of a core capability that can only be found outside of Earth: microgravity.
The eight-month-old startup is looking to build its first manufacturing facility in SLOTXO space as early as 2023, and by doing so. Bringing advanced products back to Earth that can only be produced under a sustainable zero gravity range.
The round was led by Khosla Ventures and Caffeinated Capital, with participation from existing investors Lux Capital, General Catalyst and Founders Fund. It pushed the company to more than $50 million in funding,
including a $9 million seed round on December last year Varda's idea is different from that of Jeff Bezos, who said after a space trip earlier this month that he would. “Move all the heavy industry and polluting industries off the planet.