€15.6m · Other round · Space · Coimbra, Portugal
Neuraspace, a Coimbra-based provider of AI-enabled space traffic management and space domain awareness, has secured €15.6m in combined financing. The package comprises a €6m private Series B from Lince Capital, Explorer Investments and Armilar Venture Partners, plus €9.6m awarded through Portugal’s Recovery and Resilience Plan. The company says the capital will expand its AI platform, autonomous mission operations, proprietary optical-sensor network and NeuraspaceDEF offering.
Turning orbital warnings into operator decisions
Satellite operators receive conjunction alerts when two objects may pass dangerously close, but the operational problem is deciding which warnings justify a manoeuvre. Neuraspace combines public catalogues, partner telescope data and its own optical sensors, then applies AI to refine risk estimates and recommend actions. The company says its platform monitors more than 600 satellites for commercial, institutional and government users.
That creates a service business around decision support rather than raw tracking data alone. Better filtering can reduce false alerts, limit staff time and avoid unnecessary manoeuvres that consume fuel and shorten a satellite’s useful life. Neuraspace’s public project material estimates that an unnecessary manoeuvre can cost operators up to €25,000. The commercial test is whether its models and sensor coverage consistently produce earlier, more reliable decisions as orbital traffic grows.
Public funding expands the defence product
The financing package mixes venture capital with project-tied public funding. Portugal’s public register describes the €9.6m NeuraspaceDEF project as a non-refundable award running to June 2028. Its planned architecture combines explainable AI, federated optical, radar, laser and on-orbit sensors, and secure communications, with operational demonstrations involving the Portuguese Air Force.
That split matters. The €6m Series B can support company growth and international expansion, while the public award funds a defined sovereign-capability programme. Neuraspace says it will deepen its presence in Europe and expand in the United States, Asia and Latin America; Observador reported that the company already serves customers in India. Converting those projects into repeatable commercial deployments, while meeting government security and procurement requirements, is the next execution challenge.
