What do future disruptive space technologies mean for Defence? James - PowerPoint PPT Presentation

What do future disruptive space technologies mean for Defence? James Bruegger, Managing Partner Defence Space 2018, 22 nd May 2018 Advisory Board Meeting 07/06/17 w w w . s e r a p h i m c a p i t a l . c o m

Seraphim Space Fund Overview • World’s only space -tech focused VC fund • $90 million / £70 million • Backed by leading space & data analytics companies, British Business Bank and the European Space Agency • Team includes EO visionaries who have scaled to billions users / $billions exits • Investing globally, bias to European based companies. UK presence req’d • Focus on Series A, but remit Seed to Series B+ • £1-3m initial investments, max c.£10m total / company • Also run dedicated space-tech angel network + accelerator

Space’s ‘PC Moment’ Is Now A 100x decrease in the economics of space is a once-in-a-generation game changer • Tech convergence driving change - Smartphone, Storage & CPU COTS, A.I. • Catalysing new applications

Why a Space Fund? Why Now? Disruption being led by venture funded start-ups

Our Investment Focus Backing businesses that observe, connect and guide the earth from above …and the broader technologies that support the full SpaceTech ecosystem Teledyne?? Enabling Applications Tailored to Specific Verticals… 5

Seraphim Space Fund Stats • 1500+ investments reviewed • 150+ companies met • 6 investments made • 15+ Launchers • 40+ Constellations • 30+ Drones • 40+ Image Analytics • 100+ Product

INNOVATION CLUSTERS: Upstream • Novel sensors, Deployable and lightweight structures, On-board signal processing, Robotic & autonomous systems • Dedicated and responsive smallsat launchers, CubeSat deployers, Novel fuels, Reusability, Spaceports • SigInt, Spectroscopy, IoT nanosat constellations, Cyber security (quantum key distribution), Hosted payloads, Multi platform operations (UAVs & HAPS)

INNOVATION CLUSTERS: Downstream • Optical comms and inter-satellite links, advanced antenna systems (ESAs, GNSS), bandwidth efficiency, post quantum encryption (satellite + device) • Edge computing, Data centre processors, Semiconductors & Devices, Hardware security modules (HSMs) • A.I. for E.O. – deep learning for object & change detection, classification and forecasting, Smart geospatial systems

THEMES: Persistent Surveillance 10

THEMES: A.I. for Earth Observation AI Feature Extraction Change Detection Forecasting Credit: SA Catapult

THEMES: Space Assurance • Resiliency / redundancy – Commercial smallsats (<500kg) and hosted Government payloads • Flexible launch arrangements for smallsats. • Fail-safe space infrastructure - to act as a deterrent for attacks on government space assets. • Cybersecurity – denial of service attacks / concerns about potential adversary hacking our satellites and data integrity. • Optical/Laser communications – rapid high capacity data/comms transmission, can’t be jammed or hacked.

THEMES: Drones / UAVs • High altitude long duration UAVs for ISR - 24/7 unblinking eye over an area of interest and communications (especially in satellite denied areas and disaster response). • Counter-UAV (detection, identification, tracking and neutralising) for military and civilian applications. Seeking different counter solutions – kinetic, non- kinetic (electronic warfare) and direct energy. • Autonomous & multi drone missions – using more robots and drones for dangerous missions as well as front-line augmentation (offensive & defensive) • Robotic mission management software - to support one operator operating many drones. • Protection of military air traffic zones – scalable air traffic control software, integrating manned and unmanned aircraft.

THEMES: Space Situational Awareness • 250,000 objects threaten satellites today • Existing space debris tracking infrastructure not fit for purpose in new LEO world • Shift from exceptional reporting of threats to real-time monitoring and tracking of space assets Credit: ESA

EXAMPLE: SIGINT • Leading ‘New Space’ company – 50+ ‘listening’ satellites in orbit • Collecting SigInt data from most remote / inaccessible parts of the world • Near real time tracking of all shipping & aircraft globally • 1 st company to collect commercial weather data from space

EXAMPLE: PERSISTENT SURVEILLANCE Credit: Iceye • Constellation of miniaturised synthetic aperture radar (SAR) satellites. • Capable of imaging the earth 24/7 (day & night, through clouds) • 1/100 th size & cost of traditional SAR satellites

EXAMPLE: AUTONOMOUS DRONES • End-to-end robotic aerial security solution designed to enhance physical security at large sites • Cutting edge autonomous flight, swarming capabilities 17

EXAMPLE: SITUATIONAL AWARENESS • Next generation air traffic control platform for drones • 4 dimensional real time map of airspace • Key building block for advent of autonomous drones and integration of manned and unmanned traffic 18

EXAMPLE: NEXT GEN SENSORS • Developer of world’s first truly digital radar • Leveraging COTS wifi chips from digital comms industry to perform radar function • Key enabler of machine vision (depth perception) • Applications in drones, AR/VR, IoT, robotics 19

EXAMPLE: POST QUANTUM CYBERSECURITY • UK- based constellation still in ‘stealth mode’’ • Encryption is a largely ‘invisible’ lynchpin technology upon which much of the digital economy relies • The sceptre of a general-purpose quantum computing becoming a reality in the next 5- 10 years • Satellite-QKD represents the next paradigm in Satcoms 20

Thank You! james@seraphimcapital.com www.seraphimcapital.com 21