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The satellite service provider - the Bulgarian space company EnduroSat - in the summer of 2024 purchased the former Alpha Bank headquarters on Tsarigradsko Shose in order to build the largest space center on the Balkan Peninsula. In the first half of this year, Raycho Raychev's project attracted a total of $43 million. The lead investor in the deal was the American venture capital fund, which is also an investor in Space X - Founders Fund, in which the Bulgarian Delyan Asparuhov, founder of the space company Varda, is a partner. Now EnduroSat is announcing not only a new round of $104 million, but also the opening of its long-awaited space center on Tsarigradsko Shose Blvd. in Sofia. A number of new investors are now joining the company - the round is led by the American venture capital fund Riot Ventures, and the Alphabet fund Google Ventures, the European Innovation Council Fund and the Los Angeles-based Shrug Capital fund are also participating. In 2018, EnduroSat launched its first satellite, and today it works with over 350 international customers and over 60 internally developed satellites in orbit, with a team of 260 engineers and technologists in its six offices in Europe and the US. EnduroSat's new space center is 17.5 thousand square meters in size, or 6.5 times larger than the business's current one, and it plans to increase its capacity by the same amount. EnduroSat's new satellites are significantly larger than the current ones - they weigh between 200 kg and 500 kg and belong to SpaceX's Starlink class of satellites. If an average gigabyte of data from space costs a customer between 3 and 5 thousand dollars, EnduroSat's current systems bring this price down to 175 euros per gigabyte.

 

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