Australian startup Fleet Space Technologies announced Sept. 4 it has raised more than $7 million to expand its constellation of satellites providing Internet of Things services to a growing number of customers.
Astrocast has raised an additional 9 million Swiss francs ($9.2 million) to help build and deploy a larger constellation of Internet of Things satellites than the Swiss startup previously envisioned.
Australia’s largest satellite operator Optus said Aug. 19 it will jointly pursue business connecting sensors and smart devices with Myriota, a startup planning a constellation of around 50 smallsats in low Earth orbit.
Whether Lacuna Space will rise to the front is still to be determined. But Spurrett believes the company’s emphasis on offering the lowest price service will make it a winner.
I believe that the days are receding rapidly when we considered ourselves a niche and, from the perspective of the wider world, a somewhat invisible industry.
Kinéis, a subsidiary formed last year by French maritime company CLS, has taken over operation of the Argos hosted payload system, and finalized manufacturing agreements for a constellation of 25 small satellites for Internet of Things connectivity.
Three European space companies raised 10 million euros ($11.3 million) to start a constellation for Internet of Things connections they would operate on behalf of a still-to-be-determined service provider.
Global satellite operator Eutelsat of Paris is buying additional small satellites for a planned Internet of Things network, having decided to expand the envisioned low Earth orbit system before it has launched the first demonstration satellite.
Fleet Space Technologies will begin raising money next week from investors in a Series A financing round after service launch immediately filled its four cubesats with customers.
The new Series A funds will go toward deploying the company’s full constellation over the next 18 months, as well as adding new hires and boosting technology development.
FIRST UP Satcom | LeoSat optimistic on regulatory progress • Russia plans IoT constellation • SSTL starts lunar comms mission
LeoSat CEO Mark Rigolle said the FCC's approval “will help us getting landing rights in other countries."
Canadian satellite startup Kepler Communications raised $16 million from investors, securing funding to build and launch its first-generation constellation of up to 15 satellites, the company announced today.
French maritime-tracking company CLS is starting a 120 million euro ($139 million) effort to build, launch and operate a constellation of 20 small satellites for connecting Internet of Things devices at sea and elsewhere.
Iridium Communications had what Chief Financial Officer Thomas Fitzpatrick called its “best quarterly revenue growth in company history,” logging $135 million for April, May and June, an increase of 21 percent over the same time last year.
Kepler Communications, a Canadian startup designing a network of 140 telecom cubesats, has teamed up with the Satellite Applications Catapult in the U.K. to build a third and final prototype before pressing on with the full constellation.