UK Startup Odin Space Raises $3M to Combat Orbital Debris Threats

British startup Odin Space has secured $3 million in seed funding to bring its orbital debris sensors to market. The company, founded in 2020, specialises in tiny devices that track and analyse space junk. Its technology aims to reduce risks for satellites and lower insurance costs for operators. Odin Space was set up by James New and Dan Terrett to tackle the growing threat of space debris. Their first sensor launched in 2023 aboard D-Orbit’s ION transfer vehicle, proving it could detect small fragments in orbit. The company now plans to roll out its commercial Nano Sensors by 2026.

The sensors will initially target commercial satellites in low-Earth orbit. They can pinpoint debris smaller than a centimetre, helping operators choose safer flight paths. By identifying collisions as the cause of satellite failures, Odin Space expects to cut insurance premiums for customers.

Beyond commercial use, the technology has drawn interest from military clients. Odin Space is also partnering with Lloyds of London to develop new insurance products for satellite operators. The $3 million funding will support hiring in sales and marketing to expand its reach. The first commercial sensors are due for launch in 2026. Their data will enable safer satellite operations and more accurate risk assessments. With military and insurance applications in development, Odin Space is positioning itself as a key player in space sustainability.