Northwood has closed a $375 million Series C financing round to expand the ground infrastructure that connects satellites with operators and customers on Earth. The November 2, 2026, announcement identifies contract delivery, recruitment, and global network construction as the main uses of the investment.
Andreessen Horowitz and DFJ Growth co-led the round. Northwood also secured a separate multiyear credit facility from HSBC Innovation Banking for working capital and network expansion. Via Satellite reported that the equity financing valued the company at $2 billion.
The company combines antenna manufacturing, site operations, and software in a shared service. Customers purchase communications capacity across its network, allowing them to send spacecraft commands and retrieve data without building an entire ground system themselves.
Two Antenna Systems With Different Roles
Northwood’s Portal product uses phased-array technology to steer radio beams electronically and support simultaneous spacecraft contacts. Its Prism product uses a parabolic antenna for high-data-rate communications. Northwood lists S-, X-, and Ka-band capabilities for Prism, referring to different radio-frequency ranges used for space communications.
These products address two related functions. Command links deliver instructions and support spacecraft control. Payload downlinks return the information collected or carried by the satellite. The ground segment also receives telemetry, the engineering data that describes spacecraft health and operating conditions.
Northwood reports that it has established six multi-orbit-capable sites on two continents. In a Space Force prototype demonstration, a Portal installation established a two-way link with a government satellite in geostationary orbit. That demonstration extended the company’s work beyond its earlier low Earth orbit links.
Manufacturing and Network Expansion
The company opened a 185,000-square-foot headquarters and factory in Torrance, California, in September 2026. Via Satellite reported that Northwood produced 29 antenna units over the preceding year and aims to manufacture hundreds annually.
Northwood’s workforce exceeds 140 people. Its announced hiring plan calls for 400 additional jobs over three years in Torrance and Washington, D.C., covering radio-frequency engineering, manufacturing, software, and site operations. The company plans to announce further site and network expansions during the first half of 2027.
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