Star Catcher raises $65 million for space power grid

Star Catcher Industries, a company developing power-beaming technology for satellites, has raised $65 million to validate the technology in space.

Star Catcher said May 12 it closed a Series A round led by B Capital with Shield Capital and Cerberus Ventures, the venture arm of Cerberus Capital Management.

The round brings the total raised by the company to $88 million.