London-based SpaceTech startup Foundational has come out of stealth mode with €9.6 million (£8.2 million) in pre-Seed funding.

The company is developing technology to help build a more accurate understanding of Earth and space. The funding round was backed by several investors, including Inflection, BACKED, Final Frontier, Adjacent, and Type One Ventures.

Virdee, CEO and co-founder of Foundational, said “Every time you tap your card, check your map or make a phone call, you’re relying on satellite infrastructure – but the technology we use to track exactly where satellites are hasn’t kept up with the explosion of the space economy. Satellite Laser Ranging is the gold standard, and is one of the most precise measurement tools humanity has built, capable of pinpointing a satellite to within millimetres, but until now it’s been too costly and too complex to use at scale.

“Foundational is changing that. By bringing the hardware, ground network and data platform together under one roof, we’re rebuilding a critical layer of space infrastructure for the commercial era. This investment lets us expand our global network, putting precision positioning data in the hands of satellite operators and governments worldwide, and laying the groundwork for new data products that will benefit life here on Earth.”

Founded in 2025 by Hira Virdee and Dave Gooding, Foundational is developing technology to collect, process, and provide highly accurate positioning data for satellites.

The company’s technology can be used in areas such as navigation and positioning, Earth observation and surveying, as well as maritime and aviation applications.

Foundational brings these technologies together in one integrated system. The company says its product is fully automated, can cost up to 30 times less than traditional ground stations, works in different weather conditions, and can be easily expanded as part of a larger network instead of being used as separate standalone sites.