World View, the stratospheric exploration company, closed a $26.5M Series C round of financing led by Accel. Canaan and Norwest Venture Partners, investors in Series B round of financing, also invested in Series C.
Earlier, Accel has invested in companies like Facebook, DJI, Dropbox, Slack, Spotify, and others and has stepped into the space sector with this World View investment. Accel’s Sameer Ghandi, also who led an early investment in Dropbox, DJI, Spotify, and Venmo, will join as Director of World View’s board of directors.
Sameer Gandhi, said, “World View has set its sights on creating an entirely new economic sector in the stratosphere. World View’s proven technology offers unique and low-cost access to the space environment, and we share World View’s belief that innovation in the stratosphere has the potential to unlock many new applications with unprecedented benefit.”
World View’s Stratollite vehicle offers low-cost, navigable and persistent high-altitude flight over customer specified areas of interest for long-duration missions, say, weeks and months on end. The current funding is going to accelerate the development and commercialization of the Stratollite vehicle.
Jane Poynter, World View Co-founder and Chief Executive Officer (CEO), commented with great excitement, “We’re thrilled to partner with such accomplished Silicon Valley venture firms to execute on World View’s bold vision to pioneer a new economy in the Stratosphere. This is the beginning of another great chapter in that pursuit and we’re excited for what the future holds.”
Stratollite un-crewed flight systems and Voyager human spaceflight systems are the two-primary business segment of World View that provides useful insights to enterprises, agencies, and individuals. Stratollites offer low-cost, long-duration, persistent high-altitude flight for enterprise and government agencies.