Bright Ascension Ltd., an industry-leading space software
technology provider, is pleased to announce that it has secured an additional £500k of funding
through private investments to support further expansion and development of its product offering.
This follows the successful fund-raising round completed by the company in August 2021, which
raised £1M of equity through the issue of new shares to match the development funding,
previously awarded to Bright Ascension by the European Space Agency (ESA).

Bright Ascension will use the new funds for the development of its next generation satellite
software infrastructure, which will offer its customers a complete end-to-end software solution for
space-based service provision from early development right through to delivery. The new product
vision and roadmap arises from the company’s participation in the ESA ARTES Pioneer
programme, a multi-year project to design and develop a cutting-edge solution which will enable a
wide range of companies to provide innovative satellite constellations at a significantly reduced
cost and within a reduced timeframe. With new software development already underway, Bright
Ascension expects to produce early prototype versions by the end of 2022.

“These are incredibly exciting times for us as a company. With funding in place and secured to
support the development of our highly integrated end-to-end product suite, we are now expanding
and growing faster than ever before,” said Peter Mendham, CEO at Bright Ascension. “Not only
does this safeguard our current roadmap, but it also gives the team an enormous boost in
confidence and reassurance. The trust and belief in our company and our product vision is the
most precious and priceless investment of all. We strongly feel we spotted the gap in the market
and the tools we are developing will help make space more open and accessible for a larger
number of businesses within the industry.”

About Bright Ascension

Bright Ascension Ltd. is an industry-leading space software technology provider, offering unique off-the-shelf software
products and solutions for the delivery of space-based services, both on spacecraft and on the ground.

Started in 2011, it offers a fresh and unique approach to space software development. Bright Ascension’s team come from
both the space industry and other high-technology sectors, which allows the company to blend the most innovative ideas
from different fields and create new and unique approaches to software development and operation.

Bright Ascension’s innovative modular approach allows its customers across the globe to significantly speed up mission
development, simplify and automate operations, and results in lower total mission cost. As of this day, 24 spacecraft have
been launched to orbit with Bright Ascension’s software onboard.

More information: www.brightascension.com