Bydgoszcz-based Sybilla Technologies has raised around PLN 35 million from BGK Group’s Vinci fund and European investor 3TS Capital Partners. This is the first external funding round in the company’s history and at the same time one of the largest transactions in the Polish space technology sector.
Sybilla specialises in monitoring the movement of objects in the Earth’s orbit. The company has a network of 50 optical sensors spread across six continents, making it the largest private European operator of such infrastructure. The company’s systems can detect small objects from up to 36,000 kilometres away, providing data used by space agencies, European institutions and defence-related entities.
The capital raised is to be used primarily to expand the observation infrastructure and develop analytical services. Later this year, the number of sensors is expected to increase to 100. In the longer term, the company plans to create a global network of 300 devices in around 100 locations. This scale of operations puts Sybilla among those aspiring to compete with the largest US players in the space monitoring market.
The company also announces expansion into the US, Middle East and Asian markets. The next stage of development is expected to be the placement of its own sensors in orbit, which will allow it to expand its observation capabilities and increase the scale of its commercial operations.
The investment is part of a wider trend of the growing importance of space technology to security and the economy. With the increase in the number of satellites and geopolitical tensions, the need for independent sources of on-orbit situation data is growing. The solutions being developed by Sybilla are intended to support European technological autonomy and the security of space infrastructure.
For the Polish spacetech sector, the deal is another signal that indigenous companies are increasingly successful in attracting capital to develop advanced technologies and build their position in global markets.
