SINGAPORE (May 30): Australia-based rocket startup Gilmour Space Technologies, which also has operations in Singapore, has secured A$5 million ($5.1 million) to develop and launch their low-cost rockets for the small payload market.

In addition, Gilmour Space has been awarded a grant by Singapore’s National Additive Manufacturing Innovation Cluster (NAMIC) to develop aerospace-related 3D printing capabilities with the Singapore University of Technology & Design (SUTD).

The lead investor for the Series A funding is Australia’s Blackbird Ventures. Other investors include Silicon Valley-based global venture capital firm 500 Startups.

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