SPACE TECH STARTUP METAKOSMOS TAKING OFF TO NEW HEIGHTS WITH AUD$2 MLN PRE-SEED FUNDING

KUALA LUMPUR, Aug 20 (Bernama) -- Metakosmos, a pioneering space technology startup, has raised a AUD$2 million Pre-Seed round, enabling it to accelerate the delivery of milestones that will revolutionise human space flight. (AUD$1 = RM2.94)

Led by Saudi Arabian technology group, Alzadhar Al-Sanai, this strategic investment aims to accelerate the innovation pipeline, advance spacesuit technology and launch spin-off applications in multiple industries for new markets.

"We are thrilled to have the support of such esteemed investors who share our vision for the company, by enabling new markets for human spaceflight services," said Metakosmos Chief Executive Officer and Founder, Kiriti Rambhatla in a statement.

Meanwhile, Alzadhar Al-Sanai Chief Executive Officer, Aziz AlOthman said: “We are excited to support Metakosmos’s journey through this investment and help them expand their capabilities in global markets such as Australia, USA, India and emerging space economies like Saudi Arabia.

“Their visionary approach and cutting-edge solutions have the potential to make a significant impact on the future of human spaceflight across the globe.”

Based in Sydney, Australia, Metakosmos is dedicated to pushing the boundaries of space technology, focusing on developing innovative solutions and extreme environment suits that address the most pressing challenges in human spaceflight.

-- BERNAMA