Skylo Technologies raises $37m

Feb 14, 2024•over 1 year ago

Amount Raised

$37 Million

Round Type

series a

Mountain ViewTelecommunications

Investors

Seraphim SpaceNext47Samsung CatalystBmw I VenturesInnovation EndeavoursIntel Capital

Description

Skylo Technologies has raised $37m in its third funding round, with contributions from existing investors Intel Capital and Innovation Endeavours, and new backers BMW i Ventures, Samsung Catalyst, Next47, and Seraphim Space. The funding will be used to expand operations and support the growth of their standards-based service for the NTN ecosystem.

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.

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