Kymeta, a Redmond, Wash.-based company for flat panel antennas that make mobile global, raised additional equity funding totaling approximately $84m.
The round was led by Bill Gates with participation from Hanwha Systems, among other investors.
The company intends to use the funds to further enhance, advance, and accelerate growth and production of next-generation products and services including the low Earth orbit (LEO) upgrade path and other solutions of the future.
The company intends to use the funds to:
- accelerate the production of its innovative electronically-steered flat panel technology,
- further evolve growth as it prepares to expand offerings for LEO and defense customers, and
- expand its manufacturing capacity to meet increasing customer demand for flat panel antennas while continuing to evolve the u8 product line in the Ku-band as well as bring the same complete product family into the Ka-band in the future.
Led by S. Douglas Hutcheson, Executive Chairman and Co-CEO, Kymeta provides satellite connectivity solutions that offer complete, and bundled solutions to the market based on technologies and tailored customer-centric services. These solutions, in tandem with the company’s flat-panel satellite antenna, and services provide mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, Kymeta makes connecting easy – for any vehicle, vessel, aircraft, or fixed platform.
FinSMEs
16/03/2022