---
title: "Spire, Maker of Radio-Size Satellites, Tunes Into $40 Million in New Funding"
description: "Spire, a San Francisco-based satellite-powered data company, has just landed $40 million in Series B funding led by an earlier backer, Promus Ventures."
date: "2015-07-02"
modified: "2015-07-02"
authors:
  - name: "Angelie Hawks"
    link: "https://futurism.com/authors/ahawk"
url: "https://futurism.com/spire-maker-of-radio-size-satellites-tunes-into-40-million-in-new-funding"
categories:
  - "Space"
---

# Spire, Maker of Radio-Size Satellites, Tunes Into $40 Million in New Funding

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- The financing brings the company’s total funding to roughly $80 million – a fair amount for a company that employs just 57 people and turns three in September. Then again, Spire has huge ambitions to become a big player in the weather data market and to strengthen its position as a provider of maritime data.
- Yet that’s just the start, insists founder and CEO Peter Platzer, a physicist with a Harvard MBA who eventually sees Spire curbing illegal animal trading and human kidnapping, among other things.
- "Our first satellite was in space by June 2013, nine months after we were founded; we’ve had four satellites \[launched into space\] altogether, and we expect to have 20 by year end and 100 \[in space\] by 2017," says Platzer.