CNBC’s Space Reporter Michael Sheetz interviews Spideroak Executive Chairman Chuck Beames about the companies $16.4 million capital raise in an oversubscribed round, and SpiderOak’s full-tilt plan to dominate the space cybersecurity business.
Companies and governments are now launching satellites by the thousands each year, and that changing landscape brings with it the evolving challenge of cybersecurity in space. Think, scores of sensitive data, some of national security, flowing between Earth and remote devices constantly moving miles above the surface.
The concept of space security arguably doesn’t get talked about enough, but a quick search for something like “cyber,” “space,” and “Pentagon” gives you an immediate sense of how U.S. military leaders see the digital threat to satellites.
SpiderOak, which has been in the “terrestrial” cybersecurity game for quite some time, wants to change that. The company just raised $16.4 million in an oversubscribed round, to make a full-tilt push into building its space business.
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