When was NanoAvionics founded?

NanoAvionics was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is NanoAvionics located?

NanoAvionics is headquartered in Vilnius, Lithuania.

Who is the current CEO of NanoAvionics?

Vytenis Buzas and Brent Abbott s of NanoAvionics.

How many employees does NanoAvionics have?

As of Oct 31, 2026, the latest employee count at NanoAvionics is 237.

Is NanoAvionics a funded company?

NanoAvionics is a funded company, having raised an undisclosed amount across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2015.

How much is NanoAvionics worth?

The last known valuation of NanoAvionics was $***** as of Jul 05, 2022.

When was the latest funding round of NanoAvionics?

NanoAvionics' latest funding was a $***** Grant (prize money) round on Jun 25, 2020, with participation from 1 investor.

Where does NanoAvionics rank among its competitors?

NanoAvionics ranks 11th amongst 241 active competitors, of which 39 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was EnduroSat, which secured $205M in Sep, 2026.

Who are the top competitors of NanoAvionics?

NanoAvionics' top competitors include Paras Defence & Space Technologies, Terran Orbital and GalaxEye. Among them, EnduroSat secured the most recent funding round in September, 2026.

NanoAvionics - 2026 Company Profile, Team, Funding & Competitors

Company Details

NanoAvionics is a developer of nano-satellite buses. It has various inhouse satellite bus including 16U nanosatellite bus M16P, 12U nanosatellite bus M12P, 6U nanosatellite bus M6P, and 3U nanosatellite bus M3P. It also develops various subsystems such as the CubeSat electrical power system, CubeSat GaAs solar panel, CubeSat propulsion system EPSS, CubeSat S-Band transceiver and many others.

Website: nanoavionics.com
Social
Email ID: *****@nanoavionics.com
Phone Number: +370 **********

Key Metrics

Founded Year

2014

Location

Vilnius, Lithuania

Stage

Acquired

Latest Funding Round

Grant (prize money), Jun 25, 2020, $*****

Last Known Valuation

$***** as on Jul 05, 2022

Investors

ESA & 4 more

Ranked

11^th among 241 active competitors

Employee Count

237 as on Oct 31, 2026

Similar Companies

Paras Defence & Space Technologies & 244 more

Exit Details

Acquired by Kongsberg (Jul 05, 2022)

View NanoAvionics' full profile

NanoAvionics got acquired by Kongsberg on Jul 05, 2022.

Click here to take a look at NanoAvionics's acquisition in detail

NanoAvionics has raised funding over 8 rounds. Its first funding round was on 2015. Its latest funding round was a Grant (prize money) round on Jun 25, 2020 for $*****. 1 investor participated in its latest round. NanoAvionics has 5 institutional investors.

Here is the list of recent funding rounds of NanoAvionics:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 25, 2020	6333625	Grant (prize money)	7192786	7022474	2959938	9506951
May 31, 2019	9419804	Grant (prize money)	5990756	8906496	3101400	EIC Fund
May 01, 2019	3382028	Grant (prize money)	5816176	3365918	8491548	Europa

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View details of NanoAvionics's funding rounds and investors

The founders of NanoAvionics is Vytenis Buzas. Brent Abbott is the CEO of NanoAvionics.

Here are the details of NanoAvionics' key team members:

Vytenis Buzas: Co-Founder & CEO of NanoAvionics and founder of 1 other company.
Brent Abbott: CEO of NanoAvionics.
Contact Info: 3 email addresses

View details of NanoAvionics's Founder profiles and Board Members

NanoAvionics' employee count trend

NanoAvionics has 237 employees as of Oct 26. Here is NanoAvionics's employee count trend over the years:

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Top competitors of NanoAvionics include Paras Defence & Space Technologies, Terran Orbital and GalaxEye. Here is the list of Top 10 competitors of NanoAvionics, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paras Defence & Space Technologies 1972, Navi Mumbai (India), Public	Company offering wide range of defence products & solutions	$4.57M	Pooja Unichem, Paras Gate India & 38 others	73/100
2nd	Terran Orbital 2013, Irvine (United States), Acquired	Provider of hardware for satellites	$144M	Goldman Sachs Investment Partners, Lockheed Martin ... & 9 others	73/100
3rd	GalaxEye 2021, Bengaluru (India), Series A	Developer of multi-sensor imaging satellites for geospatial analysis	$24.1M	Speciale Invest, Mela Ventures & 52 others	67/100
4th	Apex 2022, Los Angeles (United States), Series D	Manufacturer of configurable satellite platforms designed for various mission requirements	$718M	Andreessen Horowitz, Glade Brook Capital ... & 24 others	66/100
5th	ReOrbit 2019, Helsinki (Finland), Series A	Manufacturer of sovereign satellites and connected systems for national security	$60.2M	Inventure, Springvest & 11 others	65/100
6th	XDLINX 2022, Hyderabad (India), Seed	Developer of satellite platforms for intelligence, surveillance, and reconnaissance missions	$7.22M	Lucky Investment Managers, Mana Ventures & 5 others	62/100
7th	Quantum Space 2022, Rockville (United States), Series A	Developer of maneuverable spacecraft for defense and commercial on-orbit missions	$57M	Sporos, Prime Movers Lab & 1 others	60/100
8th	NaraSpace 2015, Busan (South Korea), Public	Manufacturer of nano satellites	$24.3M	Korean Development Bank, Samsung Securities ... & 12 others	60/100
9th	Sophia Space 2025, Pasadena (United States), Seed	Developer of orbital compute and data centers powered by solar energy	$22M	Unlock Venture Partners, KDDI & 2 others	60/100
10th	EnduroSat 2015, Sofia (Bulgaria), Series C	Satellite manufacturer and space-service provider building software-defined satellites	$372M	Atreides Management, Founders Fund & 21 others	60/100
11th	NanoAvionics 2014, Vilnius (Lithuania), Acquired	Developer of nano-satellite buses	-	ESA, EIC Fund & 3 others	62/100