Fundraising Fox

Agile Space Industries

Durango, US · Founded 2019 · Delaware corporation · 128 employees on LinkedIn · 11 known investors

Agile Space Industries manufactures in-space chemical propulsion systems including thrusters and rocket engines for satellite and spacecraft operations. The company serves customers in the space economy with vertically integrated design, manufacturing, and testing capabilities.

Also known as Agile Space · Agile Space Systems

Founders & leadership

Agile Space Industries was founded in 2019 by Daudi M. Barnes.

DM
Daudi M. BarnesFounder
DCDavid Cuthbertson
David CuthbertsonCOO
CPChris Pearson
Chris PearsonCEO
WFWilliam Francis
William FrancisCCO
KSKris Schaa
Kris SchaaCFO
KS
Kristin SchaaExecutive
JA
Jeffrey A. MaxExecutive

Board

CFCory Finney
Cory FinneyinBoard directorFounder, Managing Partner at Greater Colorado Venture Fund
DP
Daniel P. CarusoBoard director
TC
Thomas C. RubinBoard director

Investors · 11

Also in the syndicate · 2

Howdy PartnersleadVeteran Ventures

Reported raises · per SEC filings

Form D private placements

$43.5M disclosed across 7 of 8 rounds · 2019–2025

$21.5MraisedJan 2026 · 24 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Cory FinneyDirector
  • David CuthbertsonExecutive Officer
  • Christopher PearsonExecutive Officer, Director
  • Daudi BarnesPromoter
  • Thomas C. RubinDirector
  • William FrancisExecutive Officer
  • Kristin SchaaExecutive Officer
  • Daniel P. CarusoDirector
Offering amount
$24.4M
Amount sold
$21.5M
First sale
Dec 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.8MraisedJun 2024 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Christopher PearsonExecutive Officer, Director
  • Samuel HarrisonExecutive Officer
  • David CuthbertsonExecutive Officer
  • Thomas C. RubinDirector
  • Daudi BarnesPromoter
  • Kristin SchaaExecutive Officer
  • William FrancisExecutive Officer
  • Daniel P. CarusoDirector
  • Paul William RichardsDirector
Offering amount
$4M
Amount sold
$2.8M
First sale
May 2024
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$13.8MraisedJun 2023 · 44 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Thomas C. RubinDirector
  • Andrew ThompsonExecutive Officer
  • Daniel P. CarusoDirector
  • Daudi BarnesExecutive Officer, Director, Promoter
  • Christopher PearsonExecutive Officer
  • Paul RichardsDirector
Offering amount
$13.9M
Amount sold
$13.8M
First sale
Jul 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1.5MraisedApr 2022 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul RichardsDirector
  • Tom RubinDirector
  • Cory FinneyDirector
  • Daudi BarnesExecutive Officer, Director, Promoter
Offering amount
$6.5M
Amount sold
$1.5M
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$850KraisedAug 2021 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daudi M. BarnesExecutive Officer, Director, Promoter
  • Julian MillerDirector
  • Jeffrey A. MaxExecutive Officer, Director
Offering amount
$850K
Amount sold
$850K
First sale
Jul 2021
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.4MraisedOct 2020 · 12 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Julian MillerDirector
  • Jeffrey A. MaxExecutive Officer, Director
  • Daudi M. BarnesExecutive Officer, Director, Promoter
Offering amount
$3.4M
Amount sold
$2.4M
First sale
Apr 2020
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$550KraisedSep 2019 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeffrey A. MaxExecutive Officer, Director
  • Daudi M. BarnesExecutive Officer, Director
Offering amount
$750K
Amount sold
$550K
First sale
Aug 2019
Incorporated
Corporation, Delaware, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Agile Space Industries develops in-space chemical propulsion systems, including thrusters and rocket engines that operate on hydrazine and hydrazine-based propellants. The company positions itself as a full-service propulsion provider, carrying products from design through additive manufacturing and hotfire qualification testing within its own facilities. Alongside engines, its product line includes propulsion systems marketed under the names Moab, Yosemite and Ticonderoga, the M4 thruster, the LE1 engine, and zero-slosh piston tanks for storable propellants. The company has also described work on chemical-electric dual-mode propulsion systems.

Operations combine in-house additive and subtractive manufacturing with test infrastructure built around a high-fidelity data collection and close-coupled analysis system that the company describes as the foundation of its engine design process. Agile states it has performed more than 8,000 hotfire tests and draws on more than ten years of hotfire testing and system design and development experience across commercial, civil and defense programs. Its Animas test facility, commissioned with a first hot fire, is described by the company as the only known commercial facility able to test engines heavier than 300 pounds in a vacuum environment simulating space. A further Space Test Center is under construction in Tulsa, Oklahoma.

Customer engagements span commercial, civil and defense space. Agile was contracted by The Exploration Company to supply flight thrusters for the Nyx modular European capsule targeting an ISS docking in 2028, is providing propulsion to True Anomaly for the U.S. Space Systems Command VICTUS HAZE tactically responsive space mission, has supplied test stands supporting Firefly's lunar program, and has supported NASA's Europa Clipper mission. It also holds a SpaceWERX SBIR Phase II contract for a Mobile Payload Processing Center.

Business model

Agile sells propulsion hardware and systems - thrusters, rocket engines, propellant tanks and integrated propulsion systems - to spacecraft and satellite operators and prime contractors, and additionally offers propulsion test services through its commercial hotfire and vacuum test facilities. Government research and development contracts, such as SBIR awards, form a further revenue channel.

Traction

The company reports over 8,000 cumulative hotfire tests and more than a decade of testing and development experience. In its 2023 year in review, Agile reported revenue almost 50% higher than 2022, a 75% increase in orders, and 22 contracts signed covering tank and propulsion system sales including the newly developed Ticonderoga system. It has announced its first commercial sale of the LE1 engine and contracts with The Exploration Company, True Anomaly, Firefly test stand support, and NASA's Europa Clipper mission.

Latest developments

Recent announcements include an oversubscribed $17M Series A, a further investment round led by Lockheed Martin Ventures, groundbreaking on the Tulsa Space Test Center, selection by The Exploration Company to supply flight thrusters for the Nyx ISS mission targeting 2028, a propulsion award from True Anomaly for the VICTUS HAZE mission, a SpaceWERX SBIR Phase II contract for a Mobile Payload Processing Center, commissioning of the Animas test facility, and appointments of a new CTO and board member and a new Director of Engineering and Project Management.

Full profile — market position, technology, go-to-market, geography, history

Market position

Agile presents itself as a full-service in-space propulsion solutions provider whose vertical integration of design, additive manufacturing and hotfire testing under one roof enables rapid development and qualification of new capabilities. It claims a unique commercial testing capability for engines over 300 pounds in simulated vacuum conditions and reached the top five at TechCrunch Disrupt.

Differentiation rests on vertical integration - engines designed, 3D printed and hotfired in-house - and on a rapid-iteration development cycle in which new capabilities are developed, qualified and delivered on mission-driven timelines. The company also cites its data collection and close-coupled analysis infrastructure and a vacuum test capability for large engines it describes as unique among commercial facilities.

Technology

The company's products are chemical in-space propulsion systems running on hydrazine and hydrazine-based constituents, produced through 3D printing (additive manufacturing) combined with subtractive machining in-house. Design and qualification are driven by a proprietary high-fidelity data collection system paired with close-coupled data analysis, supporting a rapid-iteration development philosophy in which designs are hotfired within weeks. Additional technology work includes chemical-electric dual-mode propulsion and zero-slosh piston tanks for storable propellants.

Go-to-market

Commercial, civil and defense space programs, including spacecraft and capsule developers, satellite operators, launch and lunar mission providers, and U.S. government and military space organizations.

Geography

Operations are centered in Durango, Colorado, where the company is expanding at the Durango-La Plata County Airport and operates its Animas test facility, with a new Space Test Center under construction in Tulsa, Oklahoma. Customer relationships extend internationally, including a European capsule developer.

History

Agile describes more than ten years of hotfire testing and system design and development work across commercial, civil and defense programs, experience it says has been converted into deliverable products and an in-house propulsion engineering team. The company has since expanded its Durango-area footprint, commissioned the Animas vacuum test facility, raised a $17M Series A plus follow-on investment led by Lockheed Martin Ventures, and begun construction of a Space Test Center in Tulsa, Oklahoma.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Contracts signed in 2023Jan 202322 contracts
Cumulative hotfire tests conductedJan 20198,000 tests
Hotfire testing and system design experienceJan 201910+ years
Order growth vs prior yearJan 202375% increase in orders
Revenue growth vs prior yearJan 2023almost 50% higher revenue compared to 2022

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 5

by search overlap
Capella Space58 shared keywordsCapella Space designs, builds, and operates synthetic aperture radar (SAR) satellite constellations that provide all-weather, day-and-night Earth observation imagery at sub-0.25m resolution. It offers an automated end-to-end tasking and data delivery platform serving defense and intelligence, maritime, disaster response, and infrastructure monitoring customers.
Sierra Space28 shared keywordsSpace company developing the Dream Chaser commercial spaceplane and the LIFE habitat for a next-generation LEO space station.
Firefly Aerospace22 shared keywordsFirefly Aerospace launches, lands, and operates space systems spanning Earth orbit to the Moon and cislunar space, serving customers such as commercial companies, NASA, and the U.S. Space Force. It develops the Alpha and Eclipse launch vehicles, Blue Ghost lunar landers, and Elytra orbital vehicles for payload delivery and in-space services.
Lockheedmartin21 shared keywordsLockheed Martin is a defense and aerospace company that develops military aircraft and advanced technology systems for government and defense customers. Its work includes programs such as the F-35 fighter jet and experimental aircraft developed through its Skunk Works division.
Relativity Space21 shared keywordsRelativity Space develops Terran R, a reusable medium-to-heavy-lift rocket designed for efficiency and scalability, serving government entities, telecommunications companies, and commercial customers for space access missions. The company focuses on making space exploration more accessible, reliable, and sustainable.

Companies competing with Agile Space Industries for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 17

launches, deals, and filings
Jan 2019
Top 5 finish at TechCrunch Disrupt

source ↗

Jan 2019
Breaks ground on new Space Test Center in Tulsa, Oklahoma

Agile announced it would build a Tulsa Space Test Center for space engine testing and broke ground on the facility.

source ↗

Jan 2019
Expansion of operations at Durango-La Plata County Airport

source ↗

Jan 2019
Lockheed Martin Ventures leads further investment in Agile Space

Lockheed Martin Ventures led a further investment in Agile Space to support accelerating growth.

source ↗

Jan 2019
Oversubscribed $17M Series A

Agile Space Industries announced an oversubscribed $17M Series A to accelerate growth of its in-space propulsion capabilities.

$17M source ↗

Jan 2019
New CTO and board member appointed

source ↗

Jan 2019
New Director of Engineering and Project Management appointed

source ↗

Jan 2019
First commercial sale of the LE1 engine

Agile announced its first commercial sale of the LE1, positioned for deep space transportation.

source ↗

Jan 2019
Support for NASA's Europa Clipper mission

source ↗

Jan 2019
Test stands support Firefly's lunar program

source ↗

Jan 2019
Propulsion capability for True Anomaly's VICTUS HAZE mission

Agile is to provide a propulsion system for True Anomaly to support the U.S. Space Systems Command VICTUS HAZE Tactically Responsive Space mission.

source ↗

Jan 2019
Selected to provide propulsion for The Exploration Company's Nyx mission to the ISS

The Exploration Company contracted Agile to deliver flight thrusters for Nyx, a European modular space capsule targeting a 2028 docking with the International Space Station. Agile describes the contract as a new international partnership.

source ↗

Jan 2019
Commissioning of Animas commercial test fire facility

Agile commissioned and conducted the first hot fire in its Animas test facility, described by the company as the only known commercial facility capable of testing engines over 300 pounds in a vacuum-based environment simulating space.

source ↗

Jan 2019
M4 thruster introduced

source ↗

Jan 2019
New propulsion systems Moab, Yosemite and Ticonderoga announced

source ↗

Jan 2019
Zero-slosh piston tanks for storable propellants announced

source ↗

Jan 2019
SpaceWERX SBIR Phase II contract for Mobile Payload Processing Center

Agile received a Small Business Innovation Research Phase II contract from SpaceWERX, the innovation arm of the U.S. Space Force and part of AFWERX, and the Air Force Research Laboratory, for a Mobile Payload Processing Center (MPPC) supporting tactically responsive launches.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
Agile Space IndustriesDelaware

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Agile Space Industries do?
Agile Space Industries designs, 3D prints, tests and delivers in-space chemical propulsion thrusters and rocket engines.
Who founded Agile Space Industries?
Agile Space Industries was founded by Daudi M. Barnes in 2019.
Who are Agile Space Industries's investors?
Agile Space Industries's investors include Caruso Ventures, CORI Innovation, Cortado Ventures, Greater Colorado Venture Fund, Greenline Community Ventures, Llc, Kokopelli Capital, Denver Ventures, Lockheed Martin Ventures and 1 more.
How much funding has Agile Space Industries raised?
Agile Space Industries has disclosed $43.5M raised across 7 of its 8 known rounds.
Where is Agile Space Industries headquartered?
Agile Space Industries is headquartered in Durango, US.