Manifest Space: $100M Series Funding with True Anomaly CEO Even Rogers 1/25/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 26 January 2024
⏱️ 17 minutes
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| 0:00.0 | Evan Rogers, Call Sign Jolly, served in the US Air Force for nearly a decade. |
| 0:06.0 | He worked in a number of units and had a front row seat to the transformation of space from a peacetime domain to a war fighting one. |
| 0:13.0 | There was a strong desire after the 2007 ASAT test and some weapons testing by China and Russia |
| 0:19.2 | to start to move towards more proliferated architectures. |
| 0:23.2 | And I got to see the acquisition processes start to change |
| 0:26.2 | and the developmental test and operational test practices |
| 0:28.4 | start to change to support that. |
| 0:30.2 | But the defense industrial base just wasn't equipped. |
| 0:32.6 | They were used to building really, really big spacecraft that |
| 0:36.0 | take seven to 10 plus years to go build. |
| 0:39.0 | The software was often built sort of separately |
| 0:41.8 | by a different contractor. |
| 0:43.4 | There wasn't a recognition of what it would take to build the true war fighting system |
| 0:47.7 | in a contested, for a contested integrated in operation limited environment, |
| 0:51.0 | which is what the space domain is now. |
| 0:52.8 | To address the issues and risks he was familiar with firsthand, Rogers founded True Anomaly in |
| 0:58.0 | 2022. |
| 0:59.6 | It's growing fast. |
| 1:01.4 | Last month the startup announced a hundred million dollar series B funding around, led by Riot Ventures. |
| 1:07.4 | Valuation undisclosed, but it was upsized and oversubscribed. |
| 1:11.8 | Speaking perhaps to the growing interest of investors in |
| 1:14.2 | defense tech and national security space-focused startups. In the coming months |
... |
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