How satellite connectivity startup Skylo hooked backers such as Intel, BMW and Samsung to raise $37 million
Publishing timestamp: 2024-02-13 10:04:36
Summary
Silicon Valley space startup Skylo Technologies has raised $37 million in an equity round led by Intel Capital and Innovation Endeavors, with participation from BMW and Samsung. The company aims to bridge the gap between satellite and terrestrial communications by providing a network to connect devices via existing satellites, without the need for extra hardware. Skylo is working to build software infrastructure to certify chips and devices for satellite connectivity and has partnerships with chipset makers including Qualcomm, Samsung, MediaTek, and Sony. The company has already installed eight base stations at satellite gateways and has begun initial service in the US, Canada, and Europe.
Sentiment: POSITIVE
Keywords: science, the edge, viasat inc, qualcomm inc, technology, business news, breaking news: business, breaking news: technology, business, space industry, aerospace and defense industry, intel corp, venture capital, transportation,
Source: https://www.cnbc.com/2024/02/13/startup-skylo-raises-37-million-from-intel-bmw-samsung.html