The round was led by venture capital firm Outlander VC. Also participating were Arka Venture Labs, Lex Reddy, KDX Management LLC, Together Fund, Higher Life Ventures, Nivesha Ventures, Prana Tech Ventures, Bria, HF0 Residency, and Techstars.
This latest announcement follows a $1.7 million pre-Seed round in January 2025.
Catalyx
As mentioned, the San Francisco company concentrates on returning space objects to earth. A “downmass service”, for in-space manufactured materials, for example.
“Catalyx is turning the return leg into a bookable service for microgravity-manufactured products, time-sensitive research, component returns, and sample logistics,” it claims.
The San Francisco company says the new funds will be used to commercialise its reentry architecture and boost overseas operations.
Space infrastructure
“Space isn’t the next frontier, it’s the next infrastructure layer,” said Paige Craig, founder and managing partner of Outlander VC.
“Catalyx is making orbit as accessible and programmable as the cloud, and that shift will unleash entirely new industries. We are proud to back a team building the backbone of this transformation.”
Market size
Catalyx quotes Fortune Business Insights as valuing the global space infrastructure market at $146 billion in 2024. With it being projected to reach $308 billion by 2032.
Founded by Rifath Shaarook, Clinton D Antony, Keerthan Chand Aluvala, and Saqib Hussain, Catalyx’s stack spans re-entry and recovery systems.
Image: Catalyx Space
See also: HyImpulse secures €30m funding for hybrid propulsion
