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Swarm raises USD 25 mln Series A to build low-cost satellite network

Thursday 24 January 2019 | 17:33 CET | News
Swarm Technologies closed its Series A financing round of USD 25 million. The round was led by Craft Ventures and Sky Dayton, founder of EarthLink and Boingo, with participation from Social Capital, 4DX Ventures and NJF Capital. Swarm will use the capital to accelerate software and hardware integrations for customer deployments, to continue hiring world-class talent, and to deploy a constellation of 150 satellites over the next 18 months. Swarm developed what it calls the world's smallest two-way communications satellites to enable low-cost, space-based, IoT connectivity anywhere in the

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Categories: Broadcast & Satellite
Companies: Swarm Technologies
Countries: United States / World
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