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On the surface it looks a little like another German firm, Lilium, which was also founded by students, which also raised a lot of money behind a big idea, but has struggled to deliver the technology so far. Now a new private equity firm called Think3 has been founded with 1 billion in backing with an aim of buying these up, specifically startups working the area of Software as a Service, so that. think3 Think3 is a new 1B fund that wants to buy up SaaS startups so founders can go out to build again. (AMEX:DNN) went down by -2.39 from its latest closing price compared to the recent 1-year high of 0.83. Acquiring Organization: think3 Think3 is a new 1B fund that wants to buy up SaaS startups so founders can go out to build again. built any significant hardware like engines, tanks, guidance systems, or has it been mostly hiring and buying stuff? was acquired by ESW Capital in August 2017 under the Think3 brand, with Andy Tryba taking over the CEO position from September 2017 DNN Corp. School Loop School Loop provides online communication systems for K-12 schools in the United States. Have Isar Aerospace actually done anything significant in the 3.5 years since founding e.g. However, the lesson from Virgin Orbit, ABL, Astra, Firefly, Relativity et al is they will need a large amount more and a decently long amount of time to complete a rocket intended to carry 1,000kg to orbit, and they started very late compared to those five (VO was circa 2015 as part of SC/Galactic, Astra 2016 coming out of Ventions, Firefly January 2014 originally, Relativity 2015, ABL 2017 - and only the first 2 have launched to date).
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Third-party software companies in the APA include technologies ranging from computational fluid dynamics and fatigue, to manufacturing process simulation and human modeling, with. They seem to be on a similar track to Relativity Space in terms a) founder background, b) scale of vehicle, c) fluffy lets-go-Mars-and-build-a-city high-concept marketing, d) high-visibility investors e) financing and lofty valuations etc., but at least Jordan Noone and Tim Ellis had done some work at Masten and Blue Origin prior to founding Relativity. The Altair Partner Alliance (APA) delivers broader access to an extended range of software solutions, using your existing Altair Units at no additional cost. Just reading around it seems like the founders came straight out of building small model rockets at the University of Munich, founding the company in March 2018. Isar Aerospace seem to be focusing on a German-centric consortium of investors / industrials, which is an interesting development in Europe with all the French and Italian interests (Italian in particular in 1-2 ton light launch class).īut Germany hasn't had a launch site since either WW2, or perhaps the OTRAG-era in Zaire, has it? Also, do they have a legal framework today to allow a German rocket to be licensed to launch, apart from the standard (minimalist) UN OST adherence everybody has?