Skylo Technologies, a Mountain View, CA-based direct-to-device satellite connectivity service provider, raised $37M in funding.
The round saw participation from from investors including Intel Capital, Innovation Endeavors, BMW i Ventures, Samsung Catalyst, Next47, and Seraphim Space. David Johnson of Intel Capital joined the board.
The company intends to use the funds to support its direct-to-device satellite connectivity solution and expand its scale and operations, advancing its commitment to making non-terrestrial networks more accessible for various sectors.
Led by CEO Parth Trivedi, Skylo Technologies is a global Non-terrestrial networks (NTN) service provider offering a service that allows smartphone and IoT cellular devices to connect directly over existing satellites. Devices connected over satellite are managed and served by its 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 that roams between terrestrial and satellite networks. Its 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.
FinSMEs
13/02/2024