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Myriota Raises $19.3M USD in Series B Funding to Grow Its Satellite Network to Support Billions of Devices

Apr 06, 2020•over 5 years ago

Amount Raised

$19 Million

Round Type

series b

Adelaide

Description

Myriota, the world leader in low-cost and low-power satellite connectivity for the Internet of Things (IoT), announced a $19.3M USD Series B funding round led by Hostplus and Main Sequence Ventures. Additional investors include In-Q-Tel, Inc., Right Click Capital, Singtel Innov8, Boeing HorizonX, South Australian Venture Capital Fund, and Malcolm Turnbull – the former Australian Prime Minister who led the government that established the Australian space agency in 2017. This latest round of funding brings Myriota’s total funding to more than $37M USD.

Company Information

Company

Myriota

Location

Adelaide, South Australia, Australia

About

Myriota has pioneered a new way to retrieve data from anywhere on earth, either on land or at sea. In a landmark partnership with Spire Global, Myriota will deliver near real-time IoT connectivity by the end of 2022! Leveraging years of customer focused R&D and an extensive suite of patented innovations, Myriota delivers secure, low-cost, long-battery life satellite IoT connectivity.

Funding Insights

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