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Space Corporation","cowboy-space-corporation","Orbital infrastructure for the AI 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Sun Never Sets | IVP",{"id":53,"alt":7,"caption":8,"assetUrl":54,"assetUrlXs":55,"assetUrlSm":56,"assetUrlMd":57,"assetUrlLg":58,"assetUrlXl":59,"assetUrlXxl":60},"2770","https://assets.ivp.com/system/uploads/fae/image/asset/2770/Team_Stylized.jpeg","https://assets.ivp.com/system/uploads/fae/image/asset/2770/xs_Team_Stylized.jpeg","https://assets.ivp.com/system/uploads/fae/image/asset/2770/sm_Team_Stylized.jpeg","https://assets.ivp.com/system/uploads/fae/image/asset/2770/md_Team_Stylized.jpeg","https://assets.ivp.com/system/uploads/fae/image/asset/2770/lg_Team_Stylized.jpeg","https://assets.ivp.com/system/uploads/fae/image/asset/2770/xl_Team_Stylized.jpeg","https://assets.ivp.com/system/uploads/fae/image/asset/2770/xxl_Team_Stylized.jpeg",{"id":62,"alt":7,"caption":7,"assetUrl":8,"assetUrlXs":8,"assetUrlSm":8,"assetUrlMd":8,"assetUrlLg":8,"assetUrlXl":8,"assetUrlXxl":8},"2772",[64],{"instance":65},{"__typename":66,"largeHeading":7,"heading":7,"body":67},"TextBlock","We first met Baiju Bhatt when he was building Robinhood and saw his relentless focus paired with his thoughtful ability to push the boundaries. Through years of board meetings and late-night conversations, something kept coming up: Baiju had his heart set on going beyond our orbit. His father was a research scientist at NASA Langley, and space wasn't a passing interest; it was his passion and fascination. When he told us he was stepping away to start a space company, we had questions, but we weren't surprised. As Baiju himself has said, space was always the destination.\r\n\r\nToday, we're excited to share that IVP is investing in [Cowboy Space Corporation](http://www.cowboyspace.com/)’s Series B.\r\n\r\n#### **Commercializing Space**\r\n\r\nCowboy Space Corporation began with a simple insight: the sun is always shining in orbit. Solar energy in space is continuous and roughly 40% stronger than what reaches Earth, uninterrupted by clouds, weather, or nightfall. The original idea was to collect that energy on low-Earth-orbit (LEO) satellites and beam it back to Earth via infrared lasers, delivering power anywhere without dependence on terrestrial grids or years-long permitting cycles.\r\n\r\nBut Baiju and his team quickly recognized something bigger. If you can generate abundant, cheap power in space, you don't just have to send it down. You can use it up there. And in a world where AI is consuming every available watt on Earth, this starts to look very compelling.\r\n\r\nThat realization first led to Cowboy’s plan to build a constellation of orbital data centers powered by the solar energy of space,and now, a purpose-built launch rocket to deploy that vision at commercial scale.\r\n\r\n#### **Why Now**\r\n\r\nThe AI energy bottleneck is no longer a future problem. GPUs are shipping faster than they can be deployed, while data center capacity is only growing in the single digits. The gap between buying hardware and turning it on can stretch five to eight years once you factor in permitting, grid interconnects, and cooling — and companies are paying enormous premiums to shave that down.\r\n\r\nOrbital compute changes the equation. The reusable rocket revolution that made satellite internet viable has collapsed launch costs, opening a window for space-based data centers that didn't exist three years ago.\r\n\r\n#### **How It Works**\r\n\r\nWhat makes Cowboy Space Corporation unusual is its design-first approach. Most startups are designing payloads to fit on someone else's rocket. Cowboy is building the entire system — power, compute, and launch — as a single integrated vehicle. The rocket's upper stage not only delivers a data center, it becomes one. This turns data center deployment from a construction project into an industrial manufacturing process.\r\n\r\nThe programs are running in parallel, with rocket engines being developed in LA, satellite engineering in Seattle, and subscale test launches already underway ahead of the first full megawatt-class mission. The company has also announced it is working with Lockheed Martin for NASA's lunar power program.\r\n\r\n#### **Looking Up**\r\n\r\nAt IVP, we've spent forty-five years partnering with founders at inflection points, critical moments where companies are on the cusp of hockey stick growth. We saw it in enterprise software, in fintech, and in cloud infrastructure.\r\n\r\nThe inflection point here is undeniable — the convergence of AI's growing energy appetite, falling launch costs, and proven laser transmission technology has created a real window, and Baiju and his team are building with the urgency the moment demands.\r\n\r\nThe sun never sets in orbit, and equally, Cowboy Space Corporation is just getting started.",{"id":69,"assetUrl":8},"632",{"assetUrl":8},[],"the-sun-never-sets",[74,101,130,158,181],{"fullName":75,"teamSubcategories":76,"slug":87,"image":88,"abbreviatedTitle":97,"focusAreas":98,"emailAddress":99,"bio":100},"Ajay Vashee",[77,83],{"name":78,"slug":79,"teamCategory":80},"Apps","apps",{"name":81,"slug":82},"Investors","investors",{"name":84,"slug":85,"teamCategory":86},"Digital Health","digital-health",{"name":81,"slug":82},"ajay-vashee",{"id":89,"alt":7,"caption":8,"assetUrl":90,"assetUrlXs":91,"assetUrlSm":92,"assetUrlMd":93,"assetUrlLg":94,"assetUrlXl":95,"assetUrlXxl":96},"2016","https://assets.ivp.com/system/uploads/fae/image/asset/2016/IVP_Headshots_1090px_A_Ajay_Vashee.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2016/xs_IVP_Headshots_1090px_A_Ajay_Vashee.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2016/sm_IVP_Headshots_1090px_A_Ajay_Vashee.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2016/md_IVP_Headshots_1090px_A_Ajay_Vashee.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2016/lg_IVP_Headshots_1090px_A_Ajay_Vashee.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2016/xl_IVP_Headshots_1090px_A_Ajay_Vashee.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2016/xxl_IVP_Headshots_1090px_A_Ajay_Vashee.jpg","General Partner","Artificial Intelligence, Future of Work, Finance Transformation","ajay@ivp.com","I came to IVP from Dropbox, where I guided the company through its IPO and first several years as a public company. As a first-time CFO, I stepped into a leadership role early in my career, and learned firsthand how to build, support and inspire a high-performing team. I also grew to embrace the uncertainty that’s inherent to leading a growth-stage company. I’m most proud of the impact my organization had—helping Dropbox scale to billions in ARR and hundreds of millions of users. \r\n\r\nAs an investor, I’m always on the lookout for companies that are solving big problems in market categories on the precipice of disruptive change. My experience as an operator is invaluable to my work at IVP, and I’m committed to being a hands-on, active partner to every company I invest in. I’m also focused on helping IVP build platform capabilities closely attuned to the needs of our founders. It’s why we launched the CFO Collective—the first community of its kind—which brings the brightest minds in strategic finance together to support one another and lay the groundwork for the future.",{"fullName":102,"teamSubcategories":103,"slug":116,"image":117,"abbreviatedTitle":126,"focusAreas":127,"emailAddress":128,"bio":129},"Bala Sathiamurthy",[104,110,112],{"name":105,"slug":106,"teamCategory":107},"All","all",{"name":108,"slug":109},"Operators","operators",{"name":78,"slug":79,"teamCategory":111},{"name":81,"slug":82},{"name":113,"slug":114,"teamCategory":115},"Infrastructure","infrastructure",{"name":81,"slug":82},"bala-sathiamurthy",{"id":118,"alt":7,"caption":8,"assetUrl":119,"assetUrlXs":120,"assetUrlSm":121,"assetUrlMd":122,"assetUrlLg":123,"assetUrlXl":124,"assetUrlXxl":125},"2342","https://assets.ivp.com/system/uploads/fae/image/asset/2342/IVP_Headshots_1090px_A_Bala.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2342/xs_IVP_Headshots_1090px_A_Bala.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2342/sm_IVP_Headshots_1090px_A_Bala.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2342/md_IVP_Headshots_1090px_A_Bala.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2342/lg_IVP_Headshots_1090px_A_Bala.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2342/xl_IVP_Headshots_1090px_A_Bala.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2342/xxl_IVP_Headshots_1090px_A_Bala.jpg","Operating Partner & CISO","Infra, Cybersecurity, SaaS","bsathiamurthy@ivp.com","My career began at the birth of the consumer internet. I worked on Microsoft’s IE4 browser team in the mid-’90s, followed by chapters at Yahoo!, NerdWallet, and Atlassian. I’ve been fortunate to sit at the center of several technological revolutions—early internet, mobile, and cloud. A technologist at heart, I’ve become a security enthusiast over time.\r\n\r\nI first crossed paths with IVP while serving as CISO and VP of Engineering at NerdWallet. What struck me then is what still defines the firm today: a culture that is collaborative, low-ego, and truly committed to founders. IVP has a 45-year track record of backing breakthrough innovation, recognizing exceptional entrepreneurs early and supporting them as they take on the hardest problems in technology.\r\n\r\nNow, as Operating Partner and CISO at IVP, I put my experience as an Engineering and Security leader to work for founders. I’ve spent time at public companies and at startups of various stages. I can roll up my sleeves to build with you, brainstorm with you, and bring the perspective of a buyer to help shape and position your product. More than anything, I am the kind of partner that builds truly innovative products—hands-on, technical, and committed to building alongside you.\r\n",{"fullName":131,"teamSubcategories":132,"slug":144,"image":145,"abbreviatedTitle":154,"focusAreas":155,"emailAddress":156,"bio":157},"Jimena Nowack",[133,136,138,142],{"name":105,"slug":134,"teamCategory":135},"investors-all",{"name":81,"slug":82},{"name":78,"slug":79,"teamCategory":137},{"name":81,"slug":82},{"name":139,"slug":140,"teamCategory":141},"Consumer","consumer",{"name":81,"slug":82},{"name":113,"slug":114,"teamCategory":143},{"name":81,"slug":82},"jimena-nowack",{"id":146,"alt":7,"caption":8,"assetUrl":147,"assetUrlXs":148,"assetUrlSm":149,"assetUrlMd":150,"assetUrlLg":151,"assetUrlXl":152,"assetUrlXxl":153},"2017","https://assets.ivp.com/system/uploads/fae/image/asset/2017/IVP_Headshots_1090px_B_Jimena_Nowack.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2017/xs_IVP_Headshots_1090px_B_Jimena_Nowack.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2017/sm_IVP_Headshots_1090px_B_Jimena_Nowack.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2017/md_IVP_Headshots_1090px_B_Jimena_Nowack.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2017/lg_IVP_Headshots_1090px_B_Jimena_Nowack.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2017/xl_IVP_Headshots_1090px_B_Jimena_Nowack.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2017/xxl_IVP_Headshots_1090px_B_Jimena_Nowack.jpg","Partner","AI, Enterprise SaaS, Europe","jnowack@ivp.com","I often tell people that Venture chose me…but if I had to decide now, I’d choose Venture over and over again. \r\n\r\nI studied History of Art at Oxford, hoping to end up in auction houses or editorials, not really boardrooms and cap tables. But I’ve always been guided by curiosity around where talented people go. That path took me from private equity to early-stage investing, and eventually to IVP. Along the way, I discovered that this job—marrying IQ with EQ, analytics with instinct—is exactly where I’m meant to be. I get to partner with ambitious founders, ask the hard questions, and help build companies that move the world forward. It really is such a privilege to work in this ecosystem.\r\n\r\nI’d admired IVP long before I joined; they were sharp, low-ego and backed global category leaders, including some of the most compelling companies I saw rising in Europe. The culture was what really stood out: a team with high conviction and high humility, where excellence is paired with warmth. In fact, one of our values is “care personally, challenge directly”, which I admire and endeavour to bring to every partnership with founders.  \r\n\r\nI’m drawn to founders with a maniacal obsession for their craft—those who are students of their trade and seem destined to solve a specific problem. I value individuals with exceptional clarity of thought, able to distill complex ideas into coherent narratives and seamlessly shift between strategic vision and tactical execution. The best founders usually have an earned insight, giving them unique empathy for the customers they serve. ",{"fullName":159,"teamSubcategories":160,"slug":167,"image":168,"abbreviatedTitle":177,"focusAreas":178,"emailAddress":179,"bio":180},"Buzz Fann",[161,163,165],{"name":105,"slug":134,"teamCategory":162},{"name":81,"slug":82},{"name":84,"slug":85,"teamCategory":164},{"name":81,"slug":82},{"name":113,"slug":114,"teamCategory":166},{"name":81,"slug":82},"buzz-fann",{"id":169,"alt":7,"caption":8,"assetUrl":170,"assetUrlXs":171,"assetUrlSm":172,"assetUrlMd":173,"assetUrlLg":174,"assetUrlXl":175,"assetUrlXxl":176},"2343","https://assets.ivp.com/system/uploads/fae/image/asset/2343/IVP_Headshots_1090px_A_Buzz_Fann.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2343/xs_IVP_Headshots_1090px_A_Buzz_Fann.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2343/sm_IVP_Headshots_1090px_A_Buzz_Fann.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2343/md_IVP_Headshots_1090px_A_Buzz_Fann.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2343/lg_IVP_Headshots_1090px_A_Buzz_Fann.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2343/xl_IVP_Headshots_1090px_A_Buzz_Fann.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2343/xxl_IVP_Headshots_1090px_A_Buzz_Fann.jpg","Associate","Infra, Health Tech","bfann@ivp.com","I grew up watching my dad, a surgeon with little free time, spend nights and weekends collaborating with medtech startups—tinkering with devices, testing new ideas, and advising early founders. Some ventures stumbled, a few found traction, but what stuck with me was the resilience and creativity it took to turn an idea into something real. That early window into entrepreneurship shaped the way I see venture: as a front-row seat to the exhilarating, uncertain moments when companies are just beginning to take shape and are full of possibility.\r\n\r\nAt Qatalyst, I had the chance to work with many of the most innovative private companies in tech as they navigated pivotal strategic decisions. That experience gave me a deep appreciation for how defining those moments can be—and how important it is to have the right partners around the table. But it also showed me that by the time companies reach that stage, much of the steepest growth has already passed. At IVP, I’m excited to be closer to the inflection point—when scaling is exponential, challenges are existential, and conviction matters most. I’m drawn to entrepreneurs who defy the status quo and rally their teams with passion, because it’s that mix of vision and resilience I’ve admired since the very beginning.",{"fullName":182,"teamSubcategories":183,"slug":188,"image":189,"abbreviatedTitle":97,"focusAreas":198,"emailAddress":199,"bio":200},"Somesh Dash",[184,186],{"name":84,"slug":85,"teamCategory":185},{"name":81,"slug":82},{"name":113,"slug":114,"teamCategory":187},{"name":81,"slug":82},"somesh-dash",{"id":190,"alt":7,"caption":8,"assetUrl":191,"assetUrlXs":192,"assetUrlSm":193,"assetUrlMd":194,"assetUrlLg":195,"assetUrlXl":196,"assetUrlXxl":197},"2389","https://assets.ivp.com/system/uploads/fae/image/asset/2389/IVP_Headshots_1090px_D_Somesh.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2389/xs_IVP_Headshots_1090px_D_Somesh.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2389/sm_IVP_Headshots_1090px_D_Somesh.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2389/md_IVP_Headshots_1090px_D_Somesh.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2389/lg_IVP_Headshots_1090px_D_Somesh.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2389/xl_IVP_Headshots_1090px_D_Somesh.jpg","https://assets.ivp.com/system/uploads/fae/image/asset/2389/xxl_IVP_Headshots_1090px_D_Somesh.jpg","Security & Defensetech, Healthcare AI, Global Consumer Platforms","sdash@ivp.com","In the first decade of my career, I encountered two major economic downturns: the dot-com collapse of 2001 and the global financial crisis of 2007–2008. Widespread bankruptcies and layoffs made palpable how difficult the startup journey is for founders and how essential it is to keep the macro in mind as you scale. Since then, I’ve found that this growth mindset applies to most facets of life. Rather than isolating risks and failures, I strive to identify potential and tackle challenges through collaborative problem solving.  \r\n\r\nAs an investor, the sectors I work in exist at inflection points that are truly historic. An onslaught of data paired with the transition to cloud is transforming the software landscape. Threat vectors in security are increasing in scope and severity. The shift from PC to mobile to AI platforms is generating persistent evolution in consumer experiences. And healthcare is forever changed by COVID-19. Playing even a small part as a partner to the companies most likely to transform these industries is incredibly meaningful to me.  \r\n\r\nOver the years, I’ve found that the best founders are exceptional by definition—no two are the same. Some are introverts, others extroverts; some are operationally detailed, others are strategic masterminds. What all successful founders share is unwavering commitment and perseverance. The road from startup to scale-up is fraught with risks and challenges, and the greatest leaders are those who can will themselves and their teams to succeed despite the odds.",{"id":202,"alt":7,"caption":8,"assetUrl":8,"assetUrlXs":8,"assetUrlSm":8,"assetUrlMd":8,"assetUrlLg":8,"assetUrlXl":8,"assetUrlXxl":8},"2771","The Sun Never Sets",1778507886359]