Los Angeles-based startup K2 Space, co-founded by CEO Karan Kunjur and CTO Neel Kunjur, is setting out to build satellite buses.
, marks Karan and Neel's first venture together and fuses their previously divergent careers. The former spent 10 years at Boston Consulting Group engaged in company turnarounds and acquisitions, before becoming a vice president at artificial intelligence startup Text IQ before it was acquired in 2021. The latter cut his teeth at SpaceX, where he spent about six years developing systems for its Dragon spacecraft, which now fly cargo and crew to the International Space Station.
Since its incorporation in June, K2 has raised $8.5 million in a seed round led by First Round Capital and Republic Capital, and joined by Countdown Capital, Boost VC, Also Capital, Side Door Ventures, Earthrise Ventures, Spacecadet VC and Pathbreaker Ventures.
For K2, the company is targeting prices that would be unheard of for satellite buses of these sizes. So far it's planning to build the K2 Mega, a class for up to one ton of payload mass at $15 million each, and the K2 Giga, a class for up to 15 tons of payload at $30 million each. They believe they can achieve those price points by developing new systems such as power, attitude control, thermal control and more.
"We envision a future where we're the platform that allows them to relax those constraints and be able to build the payloads that they've always wanted to that sit on top of this platform," Karan Kunjur said.
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