By Hamza Faisal
Northwood Space has closed a $375 million Series C funding round, valuing the satellite ground infrastructure company at $2 billion. The Torrance, California-based startup announced the raise on November 2, 2026, with Andreessen Horowitz and DFJ Growth co-leading the equity financing.
The round also drew participation from Alpine Space Ventures, Washington Harbour Partners, Stepstone Activate, In-Q-Tel and other investors. Northwood separately secured a multi-year credit facility from HSBC Innovation Banking to support working capital and network expansion.
The company said the funding will accelerate delivery on existing contracts, support hiring, and speed the buildout of its global ground network for commercial, United States government and allied space missions.
The ground has become the bottleneck
Northwood builds the network that connects satellites to Earth. Instead of spending millions of dollars on dedicated ground stations, satellite operators book capacity on its shared network, using standardized, modular antennas that the company designs and manufactures in Torrance.
Its Portal phased arrays handle satellite command and control, while its Prism dishes move high-throughput payload data. At full production, Northwood says it can build hundreds of antennas per year, each shipping by standard freight and needing only flat ground, power and fiber, with none of the extensive civil works traditional ground stations require.
That modular approach is central to its pitch: a new site takes about three months to deploy rather than years, and a new antenna can go from truck arrival to live satellite links in three to four hours. The company recently combined 10 Portal units to achieve the receive performance of a 20-foot dish.
A $2 billion bet on the plumbing of space
The raise comes less than nine months after Northwood's Series B, and the pace since then has been rapid. The company has deployed six multi-orbit-capable sites across two continents, demonstrated geosynchronous command capacity from a commercial phased array in live tests, and developed and launched a high-throughput antenna system.
It has also opened a new 185,000-square-foot headquarters and factory in Torrance, expanding its manufacturing footprint more than fivefold. Northwood has grown to more than 140 employees and plans to add 400 jobs in Torrance and Washington, DC over the next three years.
Andreessen Horowitz general partner Katherine Boyle, who sits on Northwood's board, said the firm has backed the company in every round since seed. “We believe ground infrastructure is essential to making space infrastructure more abundant,” she said.
The context is a satellite population that has grown from just under 3,500 operational satellites in 2020 to more than 17,000 today. Northwood raised a $100 million Series B in February and announced a nearly $50 million United States Space Force contract earlier this year. Dealroom notes the $375 million round sits in the 97th percentile among all-time United States Series C deals in space.
What comes next
Northwood plans to build sites capable of more than 100 gigabits per second in high-demand regions by the end of 2027, with several site and network expansions to be announced in the first half of 2027.
For an industry adding satellites faster than ever, the bet is straightforward: the rockets and the spacecraft get the attention, but none of it works without the ground. Northwood is positioning itself as the shared pipe that carries data to, through and from orbit.
