Algoryx is strengthening its position as a Space Tech company by joining the most prominent startup and scaleup accelerator in the European region: The Cassini Business Accelerator. Together with 20 other innovative space companies, Algoryx has been selected as a frontrunner in the European space and deep tech industry.
The Cassini Business Accelerator is the biggest space accelerator in Europe, bringing together the top space startups and scaleups in the region. Algoryx has been accepted as one of the 21 companies to be included in the second batch of the accelerator program, which will run for six months starting in November 2023.
Based in Umeå, Sweden, Algoryx is a global leader in digital physics, serving sectors from construction, mining and maritime to aerospace. The company offers cutting-edge simulations for applications like space robotics and lunar construction. Algoryx’s end-to-end solutions streamline design, training, and validation, and enable AI-driven autonomy.
“The Cassini Accelerator program will provide learning and network opportunities that can put Algoryx on a different, faster trajectory as a space company.”
Kenneth Bodin, CEO, Algoryx.
The core technology, AGX Dynamics, is a physics engine that simulates contact mechanics and friction with outstanding performance and speed, and high transfer to reality.
A Powerful Boost for Algoryx as a Space Company
“Being accepted to this Business Accelerator really strengthens our belief in Algoryx’s simulation solutions as a technological catalyst for the rapidly growing field of space machine engineering”, says Algoryx CEO Kenneth Bodin.
“Even though Algoryx has 16 years of experience as a supplier of physics simulation solutions for machine and robot manufacturers, we are still at an early stage as a technology partner for the space sector” he continues.
“The Cassini Accelerator program will provide learning and network opportunities that can put Algoryx on a different, faster trajectory as a space company. We also se many opportunities for transfer of technology and innovation between Space and other vertical, such as machine autonomy and robotics for construction, mining, factories, forestry and maritime.”
Part of a Larger Initiative From the European Commission
Launched in 2023, the Cassini accelerator is a component of the CASSINI Space Entrepreneurship Initiative, an effort from the European Commission to boost European space companies that also encompasses a €1 space investment facility, prizes, events, and other ecosystem-strengthening activities.
Cassini Business Accelerator Batch 2 – full list of companies
10Lines (Estonia): Develops autonomous robots and software for the pavement marking industry.
Algoryx (Sweden): Cutting-edge simulations for AI-driven autonomy and applications like space robotics and lunar construction.
Astrolight (Lithuania): Highly secure optical telecommunication systems for aerospace, defence and governmental applications.
constellR (Belgium): Beyond-visual imaging technology for assessing crucial aspects of our planet’s health.
DCUBED (Germany): COTS release actuators, solar arrays and deployables – including in-space manufacturing – for the global space market.
EarthPulse (Spain): Using artificial intelligence to unlock the value of Earth observation data and provide actionable knowledge.
Ecosmic (Netherlands): Software solutions for more efficient and sustainable space traffic management that can be embedded in satellites.
EnduroSat (Bulgaria): Designs, builds, and operates CubeSats and Nanosatellites for commercial and scientific missions.
ENPULSION (Austria): Electric propulsion systems for nano- and microsatellites, based on the company’s proprietary field-emission electric propulsion technology.
Four Point (Poland): Reducing the environmental impact of opencast mines by merging geospatial data to generate real-time insights into ground conditions.
Latitude (France): Services related to small satellite launches, including a fully developed in-house launcher with an available payload of 100 kg.
LLcloud® (Bulgaria): A cloud software platform that allows multi-scale multi-sensor Earth observation combining satellite images, drone images and ground-based data.
Murmuration (France): Using satellite data, advanced modelling, and AI to quantify the environmental impact at the scale of the individual.
Pangea Aerospace (Spain): Off-the-shelf rocket engines and an innovative pay per-flight-model that will provide EU institutional launchers and new space companies with a faster, cleaner and more profitable way to space.
Pythomspace AB (Sweden): Rockets, spaceships and landers for orbital and interplanetary missions. As a first step, the Birka reusable rocket will carry satellites, experiments, and machinery for in-space manufacturing to orbit.
RECTANGLE (Poland): Products and development services in the field of telecommunications and precise guidance navigation and control.
Remos Space Systems (Sweden): Software-defined communication systems for the ground operations of satellites, deep-space probes, and rockets.
SPiN (Germany): Modular integration solutions for satellites, to assemble components efficiently and cheaply.
UNSEENLABS (France): A world leader in radio frequency (RF) data and solutions provider for geolocation and characterization of any vessel at sea, including non-cooperative ones.
WaltR (France): Detecting, identifying, and monitoring sources of gaseous and particulate pollutant emissions, providing users with gap-free data for informed decisions.
WEO (Luxembourg): Environmental analytics from satellites, harnessing the power of space data and AI to generate actionable insights and make cities more resilient.
Read more about Batch Two at the Cassini Business Accelerator Website: Ready 2 Ignite
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