Rocket Lab Finds Funding For Small Satellite Delivery

Los Angeles- and New Zealand-based Rocket Lab, which says it is developing orbital vehicles for the delivery of small satellites into space, said it has raised a Series B financing round. Size of the funding was not announced. The Series B funding came from Bessemer Venture Partners, Khosla Ventures, the K1W1 investment fund, and Lockheed Martin. The company said it will use the funding to complete its launch system, which it plans to offer up for commercial launches as early as 2016. David Cowan of BVP joins the company's board. Most of Rocket Lab's engineering operations are in New Zealand. More information »