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Russian Entrepreneur Bets on US Rent-a-Satellite Company

© RIA Novosti . Grigoriy SisoevDmitry Grishin
Dmitry Grishin - Sputnik International
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Russian investor and Internet entrepreneur Dmitry Grishin has invested $300,000 in a new company manufacturing innovative research satellites for use by private individuals.

WASHINGTON, July 12 (RIA Novosti) – Russian investor and Internet entrepreneur Dmitry Grishin has invested $300,000 in a new company manufacturing innovative research satellites for use by private individuals, the technology news website The Verge said.

California-based NanoSatisfi will launch its first “cube satellite,” described as “a small, standardized vessel that can be modified with off-the-shelf parts and improved on by a community of open source builders” August 4. The satellite will be available to rent for personal research for $250 a week, The Verge reported Thursday.

NanoSatisfi raised an initial $106,330 in capital via the popular crowd funding website “Kickstarter.” The success of the appeal attracted a further $1.2 million in seed funding, with Grishin’s $300,000 being the latest investment, according to The Verge.

Grishin, is the co-founder and chairman of the Mail.Ru Group, described on the company website as “the largest Internet company in the Russian-speaking world.” He is also the sole investor in Grishin Robotics, a $25 million fund dedicated to supporting personal robotics globally.

 

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