St Engineering’S Corporate Venture Capital Unit Invests In Hisky, A
12/08/21, 12:00 AM
ST Engineering today announced that its Corporate Venture Capital unit, ST Engineering Ventures Pte Ltd, led a US$30m Series A round in Israel-based hiSky Ltd., a leading developer and provider of affordable and agile satellite Internet of Things (IoT) networks and solutions, with participation from SDF (Strategic Development Fund), the investment arm of Tawazun Holding, and hiSky’s existing shareholders.
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”“hiSky is both proud and delighted to welcome ST Engineering Ventures and SDF as investors,” continued Shahar Kravitz, hiSky’s co-founder and CEO. hiSky is the leader of satellite agile IoT networks, enabling businesses, people, and machines the freedom to connect from any device, anywhere, always.