Northwood Space raises $375M Series C at a $2B valuation from a16z and DFJ growth

Northwood Space, the space infrastructure company co-founded by Bridenda Adams, raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. The round comes as demand grows for ground infrastructure to connect the rapidly expanding constellation of satellites in orbit. Northwood builds ground station hardware and software that lets satellite operators communicate with their spacecraft more efficiently, positioning it as a key supplier to the booming space economy. The funding will support scaling production and expanding its customer base across commercial and government markets. Investors are watching whether Northwood can convert its valuation into revenue growth amid competition from established ground segment providers like AWS Ground Station and KSAT.