Relativity has reported the close of its $35 million Series B financing, led by Playground Global with full participation from existing Series A investors Social Capital, Y Combinator Continuity and Mark Cuban. The funding will be used to grow the company’s scalable, automated process for manufacturing and launching entire rockets from conception to production.
The company has proven itself as an emerging disruptor in the $7 billion satellite constellation launch market and is working with leading commercial and government entities around the world. This new round brings Relativity’s total venture funding raised to over $45 million.
The 3D printing and automation of rocket production was inevitable. The aerospace industry has relied on heavy, inflexible tooling and high-touch labor since its inception. As the demand for space access increases, new approaches must be developed to accelerate the pace of progress. Relativity has fundamentally rethought the entire process to build and fly rockets and is disrupting 60 years of aerospace tradition.
Since forming in 2015, Relativity has built the world’s largest metal 3D printer and completed over 100 rocket engine test fires on their quest to build their own rocket constructed almost entirely of 3D printed parts. This goes beyond just cubesats.The custom-built rockets launch Earth-orbiting satellites with large payloads (i.e. a satellite the size of a small car), six times the size of its competitors’ abilities. Relativity stands apart from other launchers in the space by not just employing 3D printing as a supplemental technique, but for over 95% of major components.
Using machine learning in combination with their custom software, hardware and proprietary metal alloys, Relativity has cut rocket part count from 100,000 to 1,000 and dramatically reduced labor and timelines by orders of magnitude.
Relativity’s process disrupts the entire tech stack from design algorithms, supply chain, inventory management, quality control, and the very way raw materials form themselves into complex aerospace products. It is this ingenuity that will save millions of dollars for each of Relativity’s customers at every launch.
“The future of space requires faster, cheaper, more flexible rocket production and launch that is simply not possible with traditional approaches,” said Tim Ellis, CEO and Co-founder of Relativity.
“By leveraging an all-in approach to 3D printing, we will fully automate the production of rockets. This will change the way the launch industry views lead times, product iteration rates, and costs. Our technology development is also on-path toward scaling and sustaining an interplanetary society. We will build toward this amazing future far faster with our new capabilities.”