Overview
- Northwood closed a $375 million Series C led by Andreessen Horowitz and DFJ Growth with participation from Alpine Space Ventures, Washington Harbour Partners, Stepstone Activate, and In‑Q‑Tel, and obtained a separate multi‑year credit facility from HSBC Innovation Banking.
- The company says proceeds will accelerate delivery on existing contracts, expand its Torrance factory production, and add roughly 400 jobs across RF engineering, manufacturing, software, and site operations.
- Northwood builds its own modular Portal phased arrays and Prism high‑throughput dishes at a new 185,000 sq. ft. Torrance facility that the company says can scale to hundreds of antennas per year.
- The firm has demonstrated multi‑orbit links, including a prototype full‑duplex geostationary command test for the U.S. Space Force, and targets sites capable of 100+ Gbps in high‑demand regions by late 2027.
- Investors and customers view Northwood as addressing a widening ground‑station gap created by rapid satellite growth from a few thousand to over 14,000 active craft, with the company offering a shared network model that lets operators buy capacity instead of building dedicated stations.