Northwood has raised $375 million in a Series C round to expand the ground network that connects satellites to Earth. The funding will support existing contracts, new hires, and more infrastructure for commercial and government missions.
Andreessen Horowitz and DFJ Growth co-led the round, joined by Alpine Space Ventures, Washington Harbour Partners, Stepstone Activate, and In-Q-Tel. Northwood also secured a separate multi-year credit facility from HSBC Innovation Banking.
Since its $100 million Series B in February, Northwood says it has deployed six multi-orbit-capable sites on two continents. It has also demonstrated a link to a government satellite in geostationary orbit and launched Prism, a high-throughput antenna.
Its new 185,000-square-foot headquarters and factory in Torrance, California, is designed to produce hundreds of antennas a year. The company employs more than 140 people and plans to add 400 jobs over three years.
Northwood is targeting sites capable of more than 100 Gbps in high-demand regions by the end of 2027. The test now is how quickly it can turn those plans into operational links.
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