Swissto12 closes EUR 61 mln Series C round to scale up manufacturing of satellite products
Swissto12, a manufacturer of advanced radio frequency products, satellite payloads and systems, has closed a EUR 61 million Series C round. It will use the proceeds to scale up manufacturing and integration capacity to meet demand from businesses and governments for HummingLink, a satellite communications terminal for GEO connectivity products, and HummingSat, Swissto12's GEO satellite product line. So far, the company has secured seven contracts for its HummingSat geostationary (GEO) small satellite with s