Torrance, CA – According to filings with the U.S. Securities and Exchange Commission, Varda Space Industries is raising $42,249,902.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, William Bruey played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Varda Space Industries
Varda Space Industries is building the worlds first commercial zero-gravity industrial park at scale. Reusable rockets have lowered the cost of access to space and opened up a range of in-space activities. From more powerful fiber optic cables to new, life-saving pharmaceuticals, there is a world of products used on Earth today that can only be manufactured in space. Varda is accelerating innovation in the space industry and creating products that will benefit life on Earth. Our mission is to expand the economic bounds of humankind. Our team is uniquely suited to accomplish this goal. Varda was founded in November 2020 by Will Bruey, Delian Asparouhov, and Daniel Marshall. The company operates out of Torrance, California, with 20 employees and office and industrial production space. Varda has received $53M in venture funding from investors including Khosla Ventures, Lux Capital, Founders Fund, Caffeinated Capital, General Catalyst and Also Capital.

To learn more about Varda Space Industries, visit http://varda.com/

Contact:
William Bruey, Chief Executive Officer
801-560-7356
https://www.linkedin.com/in/will-bruey-8a2b5040/

SOURCE: http://www.intelligence360.io
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