About Phasor Solutions
Phasor Solutions is a company based in London (United Kingdom) founded in 2005 was acquired by Hanwha in June 2020. It operates as a B2B. Phasor Solutions has raised $19.21 million across 3 funding rounds from investors including Hanwha and Octopus Ventures. The company has 42 employees. Phasor Solutions operates in a competitive market with competitors including Mynaric, Cesium Astro, Oxford Space Systems, SatixFy and Astrogate Labs, among others.
- Headquarter London, United Kingdom
- Employees 42
- SectorsAerospace, Defense & Maritime
- Email••••••••
- Website phasorsolutions.com
- Acquired by Hanwha (Jun 2020)
- Legal Name Drunzietek Ltd
- Date of Incorporation 24 Sep, 2010
- Jurisdiction PERTH, PERTHSHIRE
Funding Insights of Phasor Solutions
Phasor Solutions has successfully raised a total of $19.21M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in August 2017. 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.
- Total Funding $19.21M
- Total Rounds 3
- Last Round Series B — $16M
- First Round $1.89M
(Aug 2006)
- Investors Count 1
All 3 funding rounds of Phasor Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | $16M | Series B | – | – | – |
| Apr 2009 | $1.32M | Series A | – | – | |
| Aug 2006 | $1.89M | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Phasor Solutions
Phasor Solutions has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hanwha and Octopus Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment and support for founders in technology and health sectors. | – | octopusventures.com | - | |
Manufacturer of solar cells, modules, and other related components | 1952 | hanwha.com | Seoul, South Korea |
Investor details for Phasor Solutions
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Timeline of Phasor Solutions
4 dated milestones of Phasor Solutions across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Phasor Solutions is founded.
- Funding First funding round of $1.9M.
- Funding Latest funding round, Series B, of $16.0M.
- Exit Acquired by Hanwha.
Competitors of Phasor Solutions
Phasor Solutions 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 Mynaric, Cesium Astro, Oxford Space Systems, SatixFy and Astrogate Labs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mynaric.com | 2009 | Munich, Germany | $2.59M | 213 | Satellite communication systems are developed using optical wireless technologies. | |
| cesiumastro.com | 2017 | Austin, United States | $156.24M | 141 | Antenna systems for satellites, UAVs, and launch vehicles are developed. | |
| oxford.space | 2013 | Harwell, United Kingdom | $30.99M | 69 | Satellite antenna systems are manufactured using proprietary composite materials. | |
| satixfy.com | 2012 | Rehovot, Israel | $25M | – | Provider of satellite communication SOCs and products | |
| astrogatelabs.com | 2017 | Bengaluru, India | $1.93M | 1 | Optical communication systems for space applications are manufactured. | |
| akashsystems.com | 2016 | San Francisco, United States | $17.6M | 16 | Small LEO satellites, transmitters, and RF power amplifiers are developed. | |
| reorbit.space | 2019 | Helsinki, Finland | $60.21M | – | Software-enabled satellites are manufactured for secure space communications. | |
| addvaluetech.com | 1994 | Singapore | – | – | Satellite communication equipment is designed and manufactured for operators. | |
| milexia.com | 2006 | Saint-aubin, France | – | – | High-tech components, systems, and scientific instrumentation are provided across sectors. |
Detailed competitors of Phasor Solutions
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Latest news on Phasor Solutions
Complete news archive for Phasor Solutions
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Similar companies to Phasor Solutions
10 companies that operate in the same segment as Phasor Solutions (Ground Stations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
PCX Aerosystems is engaged in precision aerospace manufacturing. | 1900 | Hartford, Connecticut, United States | – | – | 410 | |
Satellite communications solutions are provided through deployed constellations and services. | 2017 | Beijing, China | USD 45.06 M | – | – | |
Offers satellite broadband, managed services, and networking solutions for various industries. | 1971 | Gurugram, Haryana, India | – | USD 43.84 M | 52 | |
Test equipment for aircraft, helicopters, and trucks is manufactured. | 1931 | Weesp, North Holland, Netherlands | – | – | – | |
Ready-to-eat and ready-to-cook Indian foods are manufactured. | 1981 | Tel Aviv, Israel | USD 37.4 M | – | – | |
Provides software for tracking satellites, including Starlink. | 2020 | Bengaluru, Karnataka, India | – | – | – | |
TBD Owen Holland is recognized as a leading manufacturer of specialist material handling and access equipment in the UK. | 2005 | Bridgend, Wales, United Kingdom | – | USD 10.22 M | – | |
Designs, develops, manufactures, integrates, and supports defense systems and subsystems. | 2008 | India | – | USD 15.21 M | 43 | |
Develops reusable rockets for satellite launches and aerospace workshops. | 2020 | Ahmedabad, Gujarat, India | USD 3 M | USD 35.9 K | 1 | |
Space communication systems and satellite solutions are provided. | 2021 | Shanghai, China | – | – | – |
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Frequently Asked Questions about Phasor Solutions
Phasor Solutions was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Phasor Solutions is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Phasor Solutions is a funded company, having raised a total of $19.21M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.89M, raised on Aug 2006.
Phasor Solutions has 42 employees.
Phasor Solutions provides comprehensive solutions in phased array antenna technology for satellite communication through leveraging cutting-edge technology, providing telecom services, satellite communication, and antenna technology. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Phasor Solutions's top competitors include Mynaric, Oxford Space Systems and ReOrbit.
Phasor Solutions has 2 investors. Key investors include Hanwha, and Octopus Ventures.
Phasor Solutions operates through Drunzietek Ltd.
Yes. Phasor Solutions was acquired by Hanwha in June 2020.