Epsilon3's space industry OS powers more than launches as it brings in $15M in n...
source link: https://finance.yahoo.com/news/epsilon3s-space-industry-os-powers-160122400.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Epsilon3's space industry OS powers more than launches as it brings in $15M in new funding
S&P 500
3,795.73+35.84(+0.95%)Dow 30
30,677.36+194.23(+0.64%)Nasdaq
11,232.19+179.11(+1.62%)Russell 2000
1,711.67+21.40(+1.27%)Crude Oil
104.03-2.16(-2.03%)- 1,824.00-14.40(-0.78%)
Silver
20.92-0.50(-2.32%)EUR/USD
1.0527-0.0042(-0.40%)10-Yr Bond
3.0680-0.0880(-2.79%)GBP/USD
1.2259-0.0003(-0.02%)USD/JPY
134.9060-1.2340(-0.91%)BTC-USD
20,781.80+848.13(+4.25%)CMC Crypto 200
447.92+15.70(+3.63%)FTSE 100
7,020.45-68.77(-0.97%)Nikkei 225
26,171.25+21.70(+0.08%)
Epsilon3's space industry OS powers more than launches as it brings in $15M in new funding
The space industry is evolving, as are the tools it uses; Epsilon3 is a startup trying to make launches, satellite design, rocket manufacturing, and other complex processes easier and more collaborative. The company has found its tools have uses beyond space and growing traction across the board has led to a $15 million in new investment.
It wasn't long ago that Epsilon3 raised its $2.8 million seed round, having been founded in early 2021 by SpaceX veteran Laura Crabtree, Max Mednik from Epirus and former Googler Aaron Sullivan. The idea is simply stated but difficult to achieve: make an operating system for the modern space industry.
Companies working to create new satellites, rocket parts and so on often use software from long ago because, like using "flight tested" hardware, the industry is in some ways very technologically conservative. If it ain't broke, don't update it. But while that worked up to a point, these legacy tools don't meet the needs of fast-moving startups, and it's these that Epsilon3 is aimed at.
To be clear, this isn't an alternative to Windows or macOS but rather to the suites of software tools used for decades to design, approve, implement and track things like iterative part design. This tends to involve lots of data, multiple parties checking everything multiple times, and ultimately a sort of stew of interconnected (or totally disconnected) platforms old and new.
Since January the company has seen growth not just in the space industry but in adjacent sectors and even totally unrelated ones, suggesting there's a real hunger for improvement here.
On the space side, the company noted (with some surprise) that the software was involved in quite a lot of recent orbital activity. "We looked at year to date launches, and 20% of those teams are using Epsilon3," said Mednik. Considering the company only started operations last year and got its seed in January, that's impressive.
But you might wonder why something suited to building satellites is at all good for fintech or other enterprise type customers.
ReutersStellantis to halt Melfi plant again due to chip shortage
MILAN (Reuters) -Carmaker Stellantis will stop operations at its key Melfi plant in southern Italy from late June 28 to July 2 due to a "structural" shortage of semiconductors, the UILM union said on Thursday. The new stoppage - which will follow a production freeze between Friday last week and Saturday this week - means the Melfi plant will have only been operating for seven days in June, UILM metalworkers union said in a statement. Marco Lomio, the head of UILM for Basilicata Region, where Melfi is located, said he feared July could be even worse.
6h ago
Eat This, Not That!This National Pizza Chain Just Announced Plans to Open 1,000 New Locations
In the mood for some pizza? Little Caesars is counting on it and making moves that will ensure every corner of the country has access to their hot-n-ready pies.The company announced plans this week to open more than 1,000 new locations over the next five to ten years, according to QSR Magazine. The pizza chain, which currently operates more than 4,100 locations in the United States, is hedging on the expectation that customers will keep ordering at pandemic levels even after life (mostly) return
6h ago
The TelegraphSkin mites that feast on our faces could soon become extinct – but it’s not good news
A microscopic skin mite that wakes up at night to feed on human sleep hormones - and mate on our faces - might not sound worth saving.
2d ago
Associated PressWorld's biggest bacterium found in Caribbean mangrove swamp
Scientists have discovered the world's largest bacterium in a Caribbean mangrove swamp. The thin white filament, approximately the size of a human eyelash, is “by far the largest bacterium known to date,” said Jean-Marie Volland, a marine biologist at the Lawrence Berkeley National Laboratory and co-author of a paper announcing the discovery Thursday in the journal Science. Olivier Gros, a co-author and biologist at the University of the French West Indies and Guiana, found the first example of this bacterium — named Thiomargarita magnifica, or “magnificent sulfur pearl” — clinging to sunken mangrove leaves in the archipelago of Guadeloupe in 2009.
3h ago
The IndependentScientists build laser that can run ‘forever’
Physicists say atom lasers could spark a technological revolution similar to the one created by optical lasers
10h ago
ReutersEuropean Space Agency expects NASA backing for suspended Mars mission
The European Space Agency expects strong support from its U.S. counterpart NASA after the agency's plans to cooperate with Russia on a Mars research mission were suspended due to the Ukraine war. ESA said in March it was suspending cooperation with Russia's Roscosmos space agency on their joint ExoMars rover mission to search for signs of life on the surface of Mars in the wake of the Ukraine war and sanctions imposed on Moscow. ] The project was the agency's largest cooperation project with Roscosmos.
1d ago
Parade of planets: Here’s when to see 5 planets line up in the sky
You’ll want to look to the skies this weekend. A parade of planets will be happening above.
1d ago
The Wall Street JournalUkrainian Farmers Harvest Wheat Amid Russian Rockets, Crossfire
Russia’s invasion has hit some of Ukraine’s most productive agricultural land, disrupting supplies and pushing up food prices. As harvest season begins, farmers are feeling the heat of relentless fighting.
7h ago
Reuters VideosAncient Inca tomb discovered in Lima home
STORY: An ancient tomb was discovered underneath this home in PeruLima, PeruThe remains could date as far back as the fifth century[Julio Abanto, Archaeologist]"We recovered some archaeological remains that were inside a four-meter deep pit. There we found three funerary bundles containing more than one body with rich grave goods corresponding to the Inca period."The discovery was made during renovation work on the house[Hipolito Tica, House owner]"It was something I didn't expect. I didn't know exactly what was there. From what Mr. Julio told me, this is something unique. I have no words to describe it. I hope that the next generations will know what we have found here. We thought there was only soil here, but there is a lot of history underneath that soil."Experts say there could be more Inca remains in the neighbourhood
13h ago
EngadgetResearchers built a low-cost camera system that recreates sound from vibrations
A CMU team says the system can recreate audio from a speaker by looking at a nearby bag of Doritos.
1d ago
The Daily BeastHow the Brain’s Flow State Keeps Us Creative, Focused, and Happy
Photo Illustration by Kelly Caminero/The Daily Beast/GettyIf you’ve ever become lost in an activity—playing video games, running, or making art—you’ve noticed that you become completely immersed in the present moment, rising to the challenge of the experience without becoming bored, frustrated, or tired. Thoughts about the past, future, and even the self melt away. Time seems to fly by. You’re in the zone.This is the flow state, first described by late Hungarian-American psychologist Mihaly Csik
21h ago
Detroit Free PressGreat Lakes fish and fisheries suffer stress of warming climate
The story of the Bay Port Fish Company is only one in the millions of lives, built on the shores of the Great Lakes — the largest freshwater lake system in the world.
1d ago
CBS NewsNASA mulls moon rocket test results
NASA successfully fueled its new moon rocket on the agency's fourth attempt, but problems remain.
2d ago
Record bacterium discovered as long as human eyelash
Identified in a mangrove swamp, Thiomargarita magnifica is the shape and size of a human eyelash.
3h ago
ReutersESA expects strong NASA support after Mars mission suspended due to Ukraine war
The European Space Agency (ESA) said on Wednesday that it expects strong support from its U.S. counterpart NASA after the European agency's plans to cooperate with Russia on a Mars research mission were suspended due to the Ukraine war. ESA said in March that it was suspending cooperation with Russia's Roscosmos space agency on their joint ExoMars rover mission to search for signs of life on the surface of Mars in the wake of the Ukraine war and sanctions imposed on Moscow. ESA said in June it had held talks with Roscosmos but gave no indication of the outcome.
2d ago
BloombergAnother Rate Hike Isn’t a Done Deal in Egypt: Decision Day Guide
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsPowell Says Soft Landing ‘Very Challenging;’ Recession PossibleStocks Snap Rally as Recession Fears Mount: Markets WrapEgypt’s biggest interest-rate hike in nearly half a deca
17h ago
CoinDeskBoE's Cunliffe Cautions Against 2008 Repeat With FTX's Derivatives Rule Change Proposal
The Bank of England official is skeptical whether decentralised finance (DeFi) will ever be a thing.
1d ago
BenzingaUber Had Weighed Strategic Options For Indian Business At One Point
Uber Technologies, Inc (NYSE: UBER) had weighed strategic options for its Indian ride-hailing business, including a sale, but suspended discussions following the meltdown in tech startup valuations, the Bloomberg reports. Uber began weighing alternatives, including a stock swap with local companies or a pullout, before a global equity market selloff spoilt the plans. Uber preferred a stock deal helping it retain a foothold in India for the future. Uber and its local-rival Ola struggled to earn p
10h ago
MarketWatchWhat a federal gas-tax suspension means for energy prices
Basic economics indicates President Joe Biden's proposed gas-tax holiday would end up lifting energy prices, says the top commodities economist at Goldman Sachs.
1d ago
Investor's Business DailyRaytheon Stock Joins Elite Club Amid Hefty Profits
On Wednesday, Raytheon Technologies hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an improvement to 91, a rise from 86 the day before. Raytheon stock rose fractionally Wednesday in sync with the overall market. Like other defense contractors, Raytheon is seeing larger orders as the U.S. sends weapons to Ukraine to defend itself against the Russian invasion.
2d ago- FX Empire
EUR/USD Forex Technical Analysis – Lower as Euro Zone Traders Trim Rate Hike Expectations
Following the PMI reports, Euro Zone money markets were pricing in about 30 basis points (bps) of rate hikes in July compared to 34 bps on Monday.
8h ago - Reuters
Electric vehicles could take 33% of global sales by 2028-AlixPartners
Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday. Those higher investments "have now made EV growth inevitable," according to Mark Wakefield, co-leader of the firm's automotive practice. The industry still faces economic and supply chain challenges during the transition from internal combustion engine (ICE) vehicles to EVs, Wakefield added.
1d ago - Benzinga
Warner Music Group CEO Plans To Step Down Next Year
Warner Music Group Corp (NASDAQ: WMG) disclosed planning for the succession of CEO and director Stephen Cooper. WMG expects the transition to happen by the end of 2023. Cooper has served as CEO since 2011. He will continue to serve as CEO and director until his successor is appointed. WMG reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. EPS was $0.18, down from $0.22 last year. Recorded Music revenue grew 8% Y/Y to $1.15 b
1d ago - Bloomberg
Deutsche Bank, Citi See 50% Recession Chance as Rates Rise
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsSwitzerland Imports Russian Gold for First Time Since WarStocks Snap Rally as Recession Fears Mount: Markets WrapThe Supreme Court Has Just Eroded First Amendment LawLiz Cheney Is Paying the Price in Her Home State for Crossing TrumpDeutsche Bank AG’s chief executive officer warned the global economy
1d ago - MarketWatch
Powell says U.S. economy can handle the additional rate hikes that are coming
Fed Chairman Jerome Powell on Wednesday said the U.S. economy can handle the additional interest rate hikes that are coming.
1d ago - Investor's Business Daily
These Are The 5 Best Stocks To Buy And Watch Now
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
19m ago - Bloomberg
Abby Joseph Cohen Says Era of Everything Going Up Is Over
(Bloomberg) -- With fervor in markets receding, investors will need to critically focus on fundamentals and security selection to ride out the turbulence, Abby Joseph Cohen said.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsStocks Snap Rally as Recession Fears Mount: Markets WrapSwitzerland Imports Russian Gold for First Time Since WarPowell Says Soft Landing ‘Very Challenging;’ Recession Possible
1d ago - Bloomberg
Brazil’s IPO Market Is Beyond Quiet This Year. It’s Nonexistent
(Bloomberg) -- The market for initial public offerings in Brazil has been moribund through the first half of the year, with zero IPOs getting priced after posting record volumes in 2021.Most Read from BloombergElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsRecession Worries Boost Treasuries; Stocks Advance: Markets WrapThese Are the World’s Most Liveable
6h ago - TheStreet.com
EV Sales are Surging, so Why Are Automakers Planning Layoffs?
While electric vehicles are enjoying an unprecedented surge in popularity, ongoing supply chain problems, and growing recession fears are beginning to hit the automotive industry. EV sales rose 65% in Europe last year and doubled in the United States. The popularity of electric vehicles has increased during the past two years as more automakers have launched additional options for sedans, SUVs and pickup trucks, but obstacles remain as the global economy slows down amid higher inflation and interest rates.
1d ago - Bloomberg
Recession Worries Boost Treasuries; Stocks Advance: Markets Wrap
(Bloomberg) -- US Treasuries rallied after another batch of economic data fell short of expectations, ratcheting up recession worries. American equities advanced as the decline in yields made stocks relatively more attractive.Most Read from BloombergElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsRecession Worries Boost Treasuries; Stocks Advance: Markets
31m ago - Investor's Business Daily
Retirement Asset Losses Dwarf Cost Of Apollo Landing
Retirement assets have plunged by a painful, estimated $8.77 trillion, going into Tuesday. That puts a big dent into your retirement planning.
10h ago - SmartAsset
Can This Bill Protect Retirement Savings for Workers Who Change Jobs?
U.S. Sens. Tim Scott (R-SC) and Sherrod Brown (D-OH) introduced a new bill called the Advancing Auto-Portability Act of 2022, which aims to allow employees with 401(k)s to automatically roll over their savings from old jobs to new ones. This … Continue reading → The post Can This Bill Protect Retirement Savings for Workers Who Change Jobs? appeared first on SmartAsset Blog.
8h ago - News Direct
Leading the Way to a Brighter Future, Coast to Coast
PNC’s 2021 Corporate Responsibility Report illustrates how the financial services institution creates positive social and environmental impact and delivers on its commitments to stakeholders.
8h ago - Reuters
Crypto giant Tether to launch sterling-pegged stablecoin
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency. Stablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold. Crypto markets were rocked last month when the value of terraUSD, a stablecoin that used a complex algorithm, collapsed, throwing a spotlight on the importance of stablecoins to the crypto trading world.
1d ago - Schaeffer's Investment Research
Altria Stock Sinks Amid Reports of Juul Ban
The FDA is in the process of eliminating Juul pods from the U.S. market
1d ago - Reuters
U.S. Fed says banks can weather severe downturn comfortably
WASHINGTON (Reuters) -The largest U.S. banks would remain well capitalized in the event of a severe economic shock, the U.S. Federal Reserve said on Thursday after the lenders' annual health check, paving the way for them to issue share buybacks and dividends. The 34 lenders with more than $100 billion in assets that the the Fed oversees would suffer a combined $612 billion in losses under a hypothetical severe downturn, the central bank said. Under its annual "stress test" exercise established following the 2007-2009 financial crisis, the Fed assesses how banks' balance sheets would fare against a hypothetical severe economic downturn.
48m ago - MarketWatch
Altria shares slide on report U.S. FDA to ban Juul e-cigarettes from U.S. market
Altria Inc. shares slid 8.6% Wednesday, after a report that the Food and Drug Administration is preparing to order Juul Labs Inc. to take its e-cigarettes off the U.S. market. The report
1d ago - Bloomberg
MicroStrategy Bulls Unfazed by Double Dose of Pain
(Bloomberg) -- Shares of MicroStrategy Inc. have been hit hard this year as its once-winning approach of being a tech company that also holds billions of dollars in Bitcoin sends investors rushing for the exit. Analysts are holding fast in their bullishness.Most Read from BloombergElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsRecession Worries Boost Trea
8h ago - Barrons.com
Bento Engine Raises $1.1 Million in Seed Round
Bento Engine, a fintech firm which offers technology for advisors, has raised $1.1 million in seed round funding from a variety of wealth management industry executives. Seed-round investors include Marty Bicknell, president and CEO of Mariner Wealth Advisors, Shannon Eusey, CEO and co-founder of Beacon Pointe Advisors, and Greg Friedman, chief strategy officer of Wealthspire Advisors.
1d ago - CoinDesk
Crypto Trading Platform Uphold Exits Venezuela, Cites US Sanctions
The company said it made the decision because of the “increasing complexity of complying” with penalties imposed by the U.S.
7h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK