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Skylo Technologies raised $30M in a funding round led by NGP Capital to expand its international presence and enhance go-to-market activities.

Feb 28, 2025•5 months ago

Amount Raised

$30 Million

Mountain ViewTelecommunications

Investors

Samsung Catalyst FundBmw I VenturesIntel CapitalWestly GroupNgp Capital

Description

Skylo Technologies raised $30 million in an oversubscribed funding round following the launch of a direct-to-device service on smartphones across Brazil, Australia, and New Zealand. The funding will be used to double the size of its team and support international expansion.

Company Information

Company

Skylo Technologies

Location

Mountain View, California, United States

About

Skylo Technologies is a global Non-Terrestrial Network service provider based in Mountain View, CA, offering a service that allows smartphones and IoT cellular devices to connect directly over existing satellites. Devices connected over satellite are managed and served by Skylo's commercial NTN vRAN, featuring a 3GPP standards-based cloud-native base station and core. Skylo works with existing satellite operators, network operators, and device makers to provide subscribers an anywhere, anytime connectivity solution between terrestrial and satellite networks. Skylo's focus is on enabling connected services for people outdoors and connected workflows for machines at work across critical industries such as agriculture, maritime, logistics, mining, and others, in addition to mass-market consumer devices.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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