Astranis, founded in 2015 and based in San Francisco, California, United States, has raised $753 million to date and reached a $1.6 billion valuation after its $200 million Series D round in 2024 led by Fidelity Investments and Baillie Gifford. With 302 employees, Astranis designs and manufactures small geostationary satellites that deliver low-cost internet access to remote and rural regions. Its vertically integrated model reduces launch costs and accelerates connectivity deployment for telecom and government partners worldwide.