Phase Four

Pasadena, United States Founded: 2015 • Age: 11 yrs
Plasma propulsion systems for small satellites are developed and manufactured.
Annual revenue - Latest available
Total funding $43.6M 6 rounds
Employees 29 Tracked headcount
Investors 5 Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

About Phase Four

Phase Four is a company based in Pasadena (United States) founded in 2015. Phase Four has raised $43.59 million across 6 funding rounds from investors including The Artemis Group, Veteran Ventures Capital and New Science Ventures. The company has 29 employees as of December 31, 2022. Phase Four offers products and services including Valkyrie Thruster and Valkyrie Services. Phase Four operates in a competitive market with competitors including Avio, Exotrail, Ursa Major, Bellatrix Aerospace and Dawn Aerospace, among others.

  • Headquarter Pasadena, United States
  • Employees 29 as on 31 Dec, 2022
  • Sectors
    Aerospace, Defense & Maritime
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Phase Four, Inc.
Operational Areas
Aerospace, Defense & Maritime → Space Technology & Exploration Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $43.59 M (USD)

    in 6 rounds

  • Latest Funding Round
    $12.93 M (USD), Series C

    Jan 06, 2025

  • Investors
  • Employee Count
    29

    as on Dec 31, 2022

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Products & Services of Phase Four

Phase Four offers a comprehensive portfolio of products and services, including Valkyrie Thruster and Valkyrie Services.

Product name locked
Category locked
Primary

Provides high-efficiency electric propulsion for satellites in various orbits.

Product name locked
Category locked
Locked

Offers propellant loading and software for satellite mission operations.

People of Phase Four

Headcount 10-50
Employee Profiles 2
Board Members and Advisors 1
Employee Profiles
People
Steve Kiser
COO

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Board Members and Advisors
people
Jim Bridenstine
Director

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Teams

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Funding Insights of Phase Four

Phase Four has successfully raised a total of $43.59M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $12.93 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Phase Four

Phase Four has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include The Artemis Group, Veteran Ventures Capital and New Science Ventures.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Veteran-led national security tech firms are supported through investments.
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Early, mid, and late-stage investments are made in science sectors.
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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Investor details for Phase Four

Investor domains, locations, round participation, and complete history require an active premium plan.

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Investments & Acquisitions by Phase Four

Investments
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Investment portfolio details for Phase Four

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

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  • Transaction dates
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Financial Statements - Phase Four

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Detailed financials for Phase Four

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  • Profit trends
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Phase Four Comparisons

Phase Four Primary company
Description
Plasma propulsion systems for small satellites are developed...
Location
Pasadena, United States
Founded Year
2015
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
29
As of 2022
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Peer comparison for Phase Four

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Competitors of Phase Four

Phase Four operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Avio, Exotrail, Ursa Major, Bellatrix Aerospace and Dawn Aerospace, among others.

Company Name Domain Founded year HQ Location Description
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Space propulsion components, systems, and satellite launch adapters are developed.
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Mobility solutions for small satellites are developed and provided.
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Ursa Major is engaged in developing propulsion and defense systems.
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Manufacturer of electric and green satellite propulsion systems
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Manufacturer of propulsion systems
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Detailed competitors of Phase Four

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Latest news on Phase Four

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Complete news archive for Phase Four

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Frequently Asked Questions about Phase Four

Phase Four was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Phase Four is headquartered in Pasadena, United States. It is registered at Pasadena, California, United States.

Phase Four is a funded company, having raised a total of $43.59M across 6 funding rounds to date.

As of Dec 31, 2022, the latest employee count at Phase Four is 29.

Phase Four was founded in 2015 in Pasadena, United States. Operations are focused on the space sector, where propulsion systems for satellites are manufactured. Electrodeless RF thrusters and iodine-based plasma propulsion systems are developed through a dedicated platform. These technologies support small satellite applications in various space missions.

Phase Four's top competitors include Exotrail, Avio and Bellatrix Aerospace.

Phase Four offers Valkyrie Thruster and Valkyrie Services.

Phase Four has 5 investors. Key investors include The Artemis Group, Veteran Ventures Capital, New Science Ventures, AFWERX, and Alsop Louie Partners.

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