Space Tech Startup Metakosmos Closes Pre-Seed Round to Propel Next Milestone Development

SYDNEY - Aug. 19, 2024 - PRLog -- Metakosmos, a pioneering space technology startup, announces the successful raise of a $2 Million Pre-Seed funding round, from a visionary Saudi Arabian technology group. This new round of funding will enable Metakosmos to accelerate the delivery of milestones that will revolutionise human space flight.

This strategic investment aims to accelerate the innovation pipeline, advance spacesuit technology and launch spin-off applications in multiple industries for new markets.

Kiriti Rambhatla, CEO and Founder of Metakosmos said "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 ".

Renuka Rambhatla, the Cofounder said "This funding will enable us to deliver on critical milestones such as scaling the proprietary Kosmosuit platform (hardware, software and services) which is currently under development.

Mr Aziz AlOthman, CEO, Alzadhar Al-Sanai, 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."

Metakosmos is dedicated to pushing the boundaries of space technology. Based in Sydney Australia, the company focuses on developing innovative solutions and extreme environment suits, that address the most pressing challenges in human spaceflight. With a team of experienced engineers, medical doctors and scientists, Metakosmos aims to transform accessibility of human spaceflight lifecycle. Metakosmos won several Australian Government Grants and global Awards for its engineering and innovation approach.

Alzadhar Al-Sanai has demonstrated a track record of innovation in developing real-time monitoring solutions for environmental factors and reducing greenhouse gases. These solutions have proven beneficial to governments and industries. Furthermore, Alzadhar Al-Sanai's innovative solution has been certified by the GHG Management Institute, USA. For more information, visit www.industrialprosperity.com .