Customer Profile
Swarm
Swarm Technologies
Swarm Technologies specializes in small satellite IoT connectivity. The company operates the SpaceBEE satellite constellation . Swarm was acquired by SpaceX in August 2021 to integrate its capabilities into the SpaceX ecosystem .
For Rocket Lab investors, Swarm represents a customer within the launch services segment. Rocket Lab signed a deal to launch NASA's Starling mission, which uses CubeSats to test autonomous swarm technologies 1.
Investment Thesis
Swarm Technologies specializes in small satellite IoT connectivity. The company operates the SpaceBEE satellite constellation . Swarm was acquired by SpaceX in August 2021 to integrate its capabilities into the SpaceX ecosystem .
For Rocket Lab investors, Swarm represents a customer within the launch services segment. Rocket Lab signed a deal to launch NASA's Starling mission, which uses CubeSats to test autonomous swarm technologies 1.
Key Differentiators
- • IoT Connectivity: Provides small satellite IoT connectivity capabilities .
- • Government Integration: Secured a contract to provide IoT connectivity services to the U.S. Department of Defense (DoD) through its Spacebeek constellation .
Risk Factors
- • Ownership Structure: Swarm is a wholly owned subsidiary of SpaceX .
- • Financial Transparency: Revenue and burn rate are not publicly disclosed .
Rocket Lab Relationship
The relationship between Swarm and Rocket Lab is centered on the Launch Services segment. Rocket Lab is contracted to launch the NASA Starling mission, a multi-CubeSat mission designed to demonstrate autonomous swarm technologies 1.
Business Model
Swarm provides IoT connectivity services . The company secured a contract to provide these services to the U.S. Department of Defense (DoD) via its Spacebeek constellation . Revenue figures are not publicly disclosed .
Technology
The company utilizes SpaceBEE satellites to provide IoT connectivity .
Space Activity
Swarm operates SpaceBEE satellites . The company is involved in the Starling mission for NASA, which tests autonomous swarm technologies using CubeSats 1.
Leadership
The founders are Sara Jensen, Dr. Ben Schaffer, and Dr. Philip Tweten .
Funding
Swarm is a venture-funded company . It raised $25 million in a Series C round . The company has a valuation of $225 million . Notable investors include Mammoet, Ridge Ventures, Social Capital, Horizons Ventures, and DCVC .
No Missions Found
Swarm has not launched with Rocket Lab yet