In Series A, Sateliot generated ten million euros.
Sateliot, a Spanish internet-of-things venture, established 10 million euros ($11.4 million) in two tiers in a Series A investor round.
The objective of Sateliot is to connect frontrunner technicians’ IoT clients who are out of reportage, either permanently or temporarily from a LEO cluster in a wholesale prototype. Sateliot is built on a network of satellite systems that act as cell phone towers from space. Sateliot will be entirely transparent to its clients. Sateliot spacecraft receive, process, and send the customer’s signal to the telecom operator’s network infrastructure in a safe and confidential manner.
Recent News
In the first portion of transactions finished in December, Sateliot raised 6.5 million euros. Sateliot directors announced the completion of the second portion at the SmallSat Conference. With the closing of the financing round, global technology company Indra now owns 10.5 percent of Sateliot. Cellnex, a European communications and broadcasting conglomerate, possesses the remaining 3.5 percent. Sateliot, unlike numerous other satellite IoT businesses, does not seek its own IoT service clients. Rather, Sateliot negotiates contracts with wireless carriers.
About Sateliot
Sateliot was originally established in December 2018 by Jaume Sanpera, Jose Ramon Carrero Muñoz, Marco Guadalupi. The business’s main offices are in the European Union (EU) regions. The company is still in operation, and its most recent round of financing was undisclosed. The corporation ‘s lawful title is Satelio IoT services, and its type of business entity is For Profit. The company focuses on Internet of Things, satellite communication, and telecommunications.
Sateliot is clearing the way for an exciting achievement by expelling the requirement for facilities to make IoT solutions operate from almost anywhere in the globe with a straightforward view of the heavens. Their cluster acts as space-based cell towers, broadening mobile carrier reportage and offering interconnectivity to unaltered advertising terrestrial gadgets wherever they are.
Sateliot Standard
By default, all important players in the telecommunication sector establish and implement a standard procedure. 5G NB-IoT for non-terrestrial channels is no exception. Within the 3GPP, all big names made a significant contribution to the procedure and authorised its final version. This implies that a broad range of resellers will enforce the procedure and make it accessible to end users all over the world. Their business cooperated closely with industry executives to define the 5G NTN NB-IoT standard, and they were among the first companies to implement as well as provide interconnection using a standard protocol.
Why Should You Use Sateliot?
They use a conventional procedure to enforce and provide interconnection. Historically, the spacecraft industry provided interoperability through enterprise software. End users must pay monthly fees for subscriptions as well as invest in specialized technology. They have, however, adopted a different strategy. End customers can buy off-the-shelf NB-IoT gadgets from any seller and connect directly to their satellite network, without the requirement for any additional hardware such as antenna elements, components, or gateways, because their pattern is based on a basic protocol- 5G NB-IoT normal policy, which is endorsed by 3GPP and established besides the key communications company and IoT industry players.
Previous Fundings
Sateliot has raised a total of €12.9 million in three rounds of financing. Their most recent funding came from an unrevealed round on April 8, 2022. Sateliot is backed by five investors. The most subsequent shareholders are SEPIDES and GateHouse Group.
Conclusion
A Spanish internet-of-things venture has raised $11.4 million in a Series A investor round. Sateliot is built on a network of satellite systems that act as cell phone towers from space. The company’s spacecraft receive, process, and send the customer’s signal to its network infrastructure.
FAQs
Ans. The objective of Sateliot is to connect frontrunner technicians’ IoT clients who are out of reportage, either permanently or temporarily from a LEO cluster in a wholesale prototype.
Ans. Sateliot is built on a network of satellite systems that act as cell phone towers from space.
Ans. Sateliot was originally established in December 2018 by Jaume Sanpera, Jose Ramon Carrero Muñoz, Marco Guadalupi.
Ans. The company focuses on Internet of Things, satellite communication, and telecommunications.
Ans. Sateliot has raised a total of €12.9 million in three rounds of financing.
