IoT Satellite Connectivity Provider Raises $5M Seed Round
Aug 09 2016
The company uses Ultra-low-cost nanosatellites in combination with ground based LTE/3G Narrowband-IoT enabled base stations to provide global connectivity to remote IoT devices. "Put simply, we are building cell phone towers in space. This infrastructure will resolve the problem of intermittent connectivity for non-geostationary satellites, will open new business opportunities that necessitate real-time connectivity to satellites, and will reduce reliance on costly and difficult to deploy ground infrastructure."
+ The company's first two satellite launches are planned at the end of 2017,
+ Round was led by IA Ventures, with Liquid 2 Ventures Techstars Seattle, Globalive Capital and BDC as well as several unamed angels.