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Sateliot Closes Series B Funding Round With Hyperion Investment

Sateliot has successfully closed its €70 million Series B funding round, strengthening its position as the world’s first 5G-IoT telecommunications …

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Sateliot has successfully closed its €70 million Series B funding round, strengthening its position as the world’s first 5G-IoT telecommunications operator from space. The IoT company intends to deliver global connectivity through a constellation of low-Earth orbit (LEO) satellites, enabling massive IoT services at a significantly lower cost than traditional satellite alternatives.

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Tags: European Investment Bank (EIB)Hyperion Fund Jaume Sanpera Sateliot Spanish Society for Technological Transformation (SETT)

Joshua Faleti

Kofoworola Joshua Faleti is the News Editor. He enjoys talking and learning about space and wants to talk about space to anyone who cares to listen. Joshua is interested in Space Law and Policy and how Space can positively impact human lives. Joshua is also a big music lover.