Neuraspace Raises 15.6 Million Euros to Build European Space Domain Awareness Platform

Portuguese space traffic management startup Neuraspace announced 15.6 million euros ($18 million) in fresh funding on Aug. 5 to expand European space domain awareness and defense capabilities. The financing will directly support NeuraspaceDEF, an AI-powered platform serving both civil and defense users, and advance Europe's push for sovereign space capabilities independent of U.S. systems.

The funding combines a six million euro Series B round from venture capitalists with 9.6 million euros from Portugal's Recovery and Resilience Plan, an EU-backed national program created in response to the COVID-19 pandemic. The public portion is earmarked for the NeuraspaceDEF platform, while the broader proceeds will complement the company's existing optical telescopes with radar sensors as part of a multi-source data strategy.

Neuraspace software combines data from public catalogs, ground-based telescope partners and its own optical sensors to improve satellite tracking. The company aims to provide operators with near-real-time orbital information, collision alerts and maneuver guidance, while offering government and defense users anomaly detection, threat assessment and autonomous decision-making tools. It currently monitors more than 600 satellites operated by commercial and institutional customers including Spire Global and the European Space Agency.

Revenue has grown more than 350 percent over the past year as low Earth orbit becomes increasingly congested, the company said without elaborating. Neuraspace has now raised around 29 million euros since it was founded in 2020. Lince Capital, Explorer Investments and Armilar Venture Partners participated in the Series B round.

The company noted that proliferating constellations increase collision risks, but satellites also face cyberattacks, radio-frequency and navigation interference amid increasingly sophisticated counterspace activities that require continuous operational awareness and rapid decision support. Building European-controlled sensing and analysis capabilities reduces dependence on U.S. systems, supporting a broader push for sovereignty.

CEO Chiara Manfletti framed the funding as reflecting a change in the company's mission. "When Neuraspace was founded, our mission was to make space safer," she said. "That mission has evolved with the operational reality. Today, protecting satellites means addressing both accidental risks and intentional threats. Safety and security are no longer separate challenges, they are two sides of the same operational problem."

In September 2024, Neuraspace announced a partnership with the Portuguese Air Force that included hosting an optical telescope at Beja Air Base in Portugal. NATO later selected the company for the 2026 cohort of its Defense Innovation Accelerator for the North Atlantic, known as DIANA. More recently, Neuraspace said it was chosen as prime contractor by a European defense ministry, though it declined to provide details ahead of a planned announcement in September.

The company has not disclosed which European defense ministry selected it as prime contractor. That announcement is planned for September.