The leading space technology company for multifunctional radiation solutions, Cosmic Shielding Corporation (CSC), announced the closing of a $1 million pre-seed capital raise. The funds will go towards growing CSC’s team and accelerate product testing of the company’s radiation shielding composites all in hopes of meeting the demand for high performance space computing systems, safe space tourism and exploration of space.
This is the first of what could be many more investments in the safety of private commercial space infrastructure. Space radiation continues to be a major issue for governments and companies as the space industry continues to boom, but CSC will help by providing state of the art radiation shielding and space weather forecasting solutions.
“A space-age economy must rely on space-age technology,” said Yanni Barg-houty, CEO of CSC. “The future of space travel will rely on spacecraft and spacesuits that can effectively shield humans and hardware from the risks of space radiation. By designing these with cutting edge composites built for the harsh environment of space, we can enable humanity to become a truly space faring civilization. Simultaneously, we will build a more sustainable, beneficial and safer industry, collectively.”
Dr. Sihver, the CTO of CSC said this, “I am delighted to see that our long, international academic experience working with space material and radiation protection, will finally be applied to the commercial space industry.”
CSC will also be graduating from Sera-fim Space Camp soon. Sera-fim is the leading space technology accelerator program, which puts the company in a position to address the real issues in space operations.
J. Brant Arseneau of 9Point8 Capital, advisor to CSC stated that “the next few decades will see fundamental infrastructure being built in space that will create a platform for a thriving space economy in the near future. Infrastructure such as satellites, spacecraft, computing and human habitats will require protection from the extreme conditions of space and we believe CSC is uniquely positioned to provide this capability and partner with many companies in this new economy.”