Sateliot Secures $70M Series B Boost to Pioneer Global IoT Connectivity via LEO Satellite Constellation

Sateliot, a trailblazer in the satellite communications industry, is thrilled to announce the successful raise of $70,000,000 to further accelerate its groundbreaking initiatives. This significant infusion of capital will empower Sateliot to expand its pioneering work on the first Low Earth Orbit (LEO) satellite constellation designed to deliver Narrowband Internet of Things (NB-IoT) connectivity across the globe. With a mission to ensure that Mobile Telecom coverage reaches a full 100% of the planet, Sateliot is uniquely positioned to bridge the connectivity gap and eliminate dead zones in even the most remote locations. The raised funds will be strategically invested in enhancing the existing satellite network, accelerating research and development, and optimizing the integration of standard unmodified NB-IoT devices for seamless communications from space. Sateliot’s innovative approach is rooted in three key pillars: Global Coverage, Affordable Pricing, and Seamless Network Integration. By ensuring global IoT connectivity, the company is making significant strides towards a truly interconnected planet where every individual and business, regardless of location, enjoys reliable communication capabilities. The emphasis on affordability means that NB-IoT connectivity via satellite can now be accessed at prices that are comparable to terrestrial networks, democratizing access to advanced mobile telecom solutions. Furthermore, the company’s seamless network integration technology empowers conventional NB-IoT devices to operate flawlessly in space, thereby opening up new horizons for IoT applications in industries ranging from agriculture to smart cities. For more detailed information on this funding round and the exciting future ahead, please reach out to our Sales team or visit our website at www.sateliot.com.