Overview
- Northwood said it closed a $375 million Series C led by Andreessen Horowitz and DFJ Growth with participation from In‑Q‑Tel and others, and secured a separate multi‑year credit facility from HSBC Innovation Banking to fund contracts, hiring, and site expansion.
- The company will use its Torrance factory to produce Portal phased arrays for command links and Prism high‑throughput dishes for data, and it says full production can yield hundreds of antennas per year.
- Northwood reported recent technical milestones including six deployed multi‑orbit sites and a prototype demonstration that delivered a full‑duplex link to a government GEO satellite for a U.S. Space Force prototype.
- The firm plans to add about 400 jobs in Torrance and Washington, D.C., and projects site capacities of more than 100 Gbps in high‑demand regions by the end of 2027 as it scales network operations.
- Company claims about deployments, production capacity, and performance are drawn from its announcement; Northwood frames the push as a response to rapid satellite growth that it says risks turning ground infrastructure into a bottleneck for commercial and government missions.