Torrance-based Fortastra Corp. raises $30 million in Series A funding

Fortastra Corp., a space defense startup located in Torrance, raised $30 million in Series A funding in early October. The funding round was led by First In and included participation from Upfront Ventures, ATX Ventures, Space Capital, Rsquared, and Side Door Ventures. The company recently launched its Watchdog V0 satellites and is currently working on the second iteration of these surveillance satellites.

The funding supports Fortastra Corp.'s mission to build a large constellation of space probes for asset protection and intelligence. The company's founder noted that the increasing amount of infrastructure in space is leading to greater dependency on orbital assets.