Capella Space Corp.

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Capella Space Corp. - overview

Established

2016

Location

San Francisco, CA-California, US

Primary Industry

Aerospace

About

Capella Space Corp. is a US-based company specializing in advanced Earth observation services through Synthetic Aperture Radar (SAR) technology, delivering high-precision imagery for various sectors worldwide. Founded in 2016 and headquartered in San Francisco, US, Capella Space Corp. provides innovative satellite imagery solutions.


The company has executed a total of 8 deals, with its most recent funding round being a Series C, raising USD 60. 00 mn led by US Innovative Technology Fund. The firm is co-founded by Payam Banazadeh, who has a background in aerospace engineering and previously worked at NASA. Capella Space specializes in providing advanced Synthetic Aperture Radar (SAR) satellite services, which offer high-precision, all-weather Earth observation capabilities.


Their core product, SAR imagery, functions by using radar signals to penetrate atmospheric conditions such as clouds, fog, and darkness, allowing for near real-time monitoring and data collection regardless of weather or lighting conditions. This technology enables customers to capture high-resolution images with a remarkable accuracy of sub 0. 25 meter, facilitating applications in various sectors including environmental monitoring, disaster response, intelligence, and insurance. Capella's customer base includes government agencies, commercial enterprises, and humanitarian organizations across multiple geographical markets, including North America, Europe, and Asia, where the demand for reliable Earth observation data is critical for decision-making and operational efficiency.


Capella Space generates revenue primarily through subscription-based models and partnerships with clients seeking access to its SAR data and imagery services. These transactions typically involve direct agreements between Capella and its clients, including government entities, private companies, and research institutions. Clients may choose from various pricing plans tailored to their data needs, which encompass options for one-time purchases or recurring subscriptions that provide ongoing access to updated imagery and analytics. The company’s flagship offerings are centered around its high-resolution SAR data, which are integral to the operations of users involved in site monitoring, damage assessment, and environmental analysis.


Capella’s structured approach to pricing and service delivery ensures that clients receive timely and actionable insights that support their operational goals. In May 2025, IonQ, Inc. agreed to acquire Capella Space Corp. from its existing investors.


This acquisition aims to enable IonQ to integrate Capella Space’s satellite imaging and infrastructure to accelerate the development of a global quantum key distribution network for ultra-secure space-based communications. As Capella moves forward, it is expected to focus on expanding its service offerings and entering new geographic markets, further enhancing its capabilities in Earth observation technology.


Current Investors

Canaan Partners, DCVC, Spark Capital

Primary Industry

Aerospace

Sub Industries

Aerospace, Telecoms Equipment

Website

www.capellaspace.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Capella Space Corp. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedCapella Space Corp.-
Series CCompletedCapella Space Corp.-
Series CCompletedCapella Space Corp.-
Series BCompletedCapella Space Corp.-
Series BCompletedCapella Space Corp.-

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Capella Space Corp. - employee data

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