NewSpace Networks plans to generate approximately $200M and intends to use the funds to develop or invest in software-based aerospace technology platforms.
The company said Tuesday it aims to drive the transformation of space industry's focus from hardware to software-defined processes via investment, acquisition and product development efforts.
According to NewSpace, it will work with advisory firm GlobalView Strategic Advisors to identify a business strategy as well as capital raising and merger-and-acquisition opportunities.
The San Jose, Calif.-based software and investment company is looking to leverage a space connectivity approach to address edge computing challenges. Other areas of innovation and investment include data analytics, application lifecycle management, internet of things and cloud integration.
Vector Launch co-founder Shaun Coleman established NewSpace with industry veterans John Metzger and Robert Cleave.