Sateliot Pioneers NB-IoT Satellite Technology, Eyes €30M in Funding
Sateliot's Bold Step in NB-IoT
Sateliot has recently launched four new Low Earth Orbit (LEO) NB-IoT satellites, positioning itself at the forefront of satellite communication technology. This strategic move allows them to cater to a burgeoning market with eight million customer devices waiting for activation.
Funding and Future Outlook
To fuel this initiative, Sateliot is targeting €30 million in Series B funding. With these financial resources, they aim to expand their commercial services significantly, connecting more devices and enhancing global IoT infrastructure.
- Launch of 4 LEO NB-IoT satellites
- 8 million customer devices in the pipeline
- Targeting €30 million in funding
Impact on Satellite Communication
This launch has the potential to transform how we view Internet of Things (IoT) connectivity, paving the way for more extensive coverage and improved service delivery in various sectors.
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