Sateliot's €10M Investment: A Leap Towards €30M Series B Funding
Monday, 23 September 2024, 05:54
Sateliot Secures Funding to Drive Satellite Innovation
Sateliot, the Spanish startup, has announced a significant raise of €10 million from a prominent venture capital firm. This funding is a crucial step in the company's journey towards securing an ambitious €30 million Series B round. The infusion of capital will support the expansion of its commercial service, which aims to deliver robust connectivity via a network of satellites.
Ambitious Goals of Sateliot
- Targeting €1 billion in revenue by 2030
- Launch of 100 NB-IoT satellites
- Innovation in satellite communication technology
The funds raised will play a pivotal role in achieving these objectives, positioning Sateliot as a noteworthy player in the tech landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.