"With Rocket Lab, this huge backlog now has access to a high-frequency, quality launch service that will take customers where they want to go, when they want to fly.
Launch has been the prime barrier to market entry in small satellites, and we firmly believe Rocket Lab will successfully fill this void with its proprietary technology platform, vertically-integrated supply chain and private orbital launch range," said Mike Collett of Promus Ventures.
The company has had a presence in the LA area since 2013 and looks forward to expanding its engineering and business units in the 150,000-square foot facility.
Rocket Lab remains committed to also growing and expanding its presence in Auckland, New Zealand , which supports Rocket Lab's Launch Complex 1 on New Zealand's Mahia Peninsula.
DCVC brings to bear a unique model that unites a team of experienced venture capitalists with more than 50 technology executives and experts (CTOs, CIOs, Chief Scientists, Principal Engineers, Professors at Stanford and Berkeley ) with significant tenures at top 100 technology companies and research institutions worldwide.