Startup Connektica, a new player in New Space, is settling in Toulouse

Toulouse’s space ecosystem, and especially New Space, continues to attract people. After Loft Orbital (United States) and EnduroSat (Bulgaria), to name just these examples, it is the Canadian Connektica’s turn to establish itself in the Pink City. After the closing of its first fundraising of two million euros, the young startup has just opened a subsidiary in the region that concentrates more teams in France in terms of space. “Business France also offered us the Nouvelle-Aquitaine and Aura regions, but Occitania was way above“, have fun counting Jeremy Perrin, co-founder of Connektica with Jean-Mathieu Deschênes.

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The reason for this choice is primarily commercial. “Lately, we’ve had very advanced discussions with a good number of space players in Toulouse for them to become our future customers. Settling in the region was, therefore, our desire to facilitate exchanges and especially future collaborations.“, justifies the leader who still keeps the identities of these companies a secret for now, although he admits that his approach is mainly aimed at players in the New Space.”Traditional space players do not have this absolute need to control their costs, or at least not as much as new market entrants.“, he adds.

Between the lines, it should be understood that companies such as U-Space, Kinéis, Héméria, Comat or Syrlinks can become clients of the Canadian startup.

already three customers

The promise of Connektica and its teams? Bring competitiveness to space in the industrialization of the automotive sector while maintaining its very high quality standards. For this, the start-up supports its customers in the matter of testing, industrial automation and data analysis.

“We have developed a software solution, which requires the installation of one or more small boxes at the customer’s premises, which are themselves connected to a cloud platform that centralizes all data. Thanks to this solution, for example, companies can outsource RF testing for us, which is time consuming and sometimes very expensive. We manage everything for them, that is, we enter the end customer’s requirements into the software and check if there is any variance and we can send the raw data following the tests that pertain to your subcontractor’s component for verification. With us, our customers will save testing time and costs by centralizing and harmonizing data across the entire value chain. It is all in our interest that the entire production chain is linked to our software in order to reap the gains production costs. The idea is to support customers in their assembly at rates, ensuring quality requirements”, explains Jeremy Perrin.

(Credits: Connektica).

With its software solution, Connecktica wants to reach both equipment manufacturers and various subcontractors that may be involved in the production of a satellite, as well as the final integrator. Sold as a monthly subscription with a variable price depending on the volume of data processed, the service offered by the Canadian is already attractive. The new player that offers this service to New Space companies already has ATEM (Var), MDA Corporation (Canada) and Anywaves (Haute-Garonne) as its first customers.

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“Our solution can be used by the Purchasing department to choose suppliers, observing the quality level of their components thanks to the tests carried out. Of course, it can be used by the Quality department, but also by the person responsible for manufacturing to detect the smallest inconsistency “, highlights the leader.

opinions on defense

With its technological and economic promises, Connektica is aiming for one million euros in revenue by 2023 and three to four million euros from 2024.”We feel that the need exists, the demand is very strong“, says the entrepreneur. To meet this demand, the 10 employees of the startup today in Montreal will be supported by the recruitment of five people in Toulouse until the end of 2022. But the company has 15 employees in Occitania already in 2024 and as many in the Canada, ambitions that are justified by a commercial appetite that is not limited to the private market.

“We are starting to get interested in the defense market because we have a dual technology, which can also meet your needs. This market is also concerned with the need for cost control and greater competitiveness to increase its production rates”, says Jeremy Perrin.

For example, discussions have started with the Space Command (CDE), which is gaining traction in Toulouse. Additionally, the startup intends to raise funds from series A, between five and ten million euros, within a period of 24 to 36 months, namely to face the American defense market, with the opening of a subsidiary.

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