Sateliot, founded in 2018 and headquartered in Barcelona, Spain, is a satellite telecommunications operator focusing on providing global IoT connectivity under the 5G protocol. The company is deploying a LEO nanosatellite constellation that functions as telecommunications towers in space, offering 5G IoT coverage to mobile operators through roaming services. Sateliot partners with companies like Telefonica, AWS, Comfone, and Eseye to extend mobile telecom coverage to 100% of the planet, targeting sectors such as telecommunications, logistics, mining, and agriculture.
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Sateliot raised 10,000,000 EUR in a Series A investment round conducted in two tranches.
Cellnex will provide guidance to Sateliot on 0.005 kg technology.
With funding from the Series A round, Sateliot is developing technology to merge satellite and mobile networks.
Funds raised in the Series A capital increase provide Sateliot with financing to advance development of technology to merge mobile and satellite networks under the same standard.
Sateliot operates a constellation of nanosatellites in low Earth orbit that act as mobile towers from space to provide global and continuous connectivity for IoT devices under the 0.005 kg protocol.
Sateliot’s business plan envisages a turnover of over 1,000,000,000 EUR by 2025 and an EBITDA of 370,000,000 EUR.
Sateliot plans to complete the first tranche in February to reach a total of 10,000,000 EUR for the Series A round.
Cellnex will support Sateliot in its commercial approach to the market and provide expertise in IoT and 0.005 kg technology.
Sateliot won the Finspace Satcom & Connectivity award in 2021 for building the first LEO constellation based on the standard 0.005 kg protocol.
Sateliot will launch a constellation of nanosatellites to provide Internet of Things connectivity with 0.005 kg coverage.
EvoNexus evaluated more than 414 companies worldwide and selected Sateliot and six other companies to develop 0.005 kg use cases with strategic partners.
Sateliot obtained provisional authorization from the Spanish Government through the Ministry of Economic Affairs and Digital Transformation to start its 0.005 kg-IoT services.
Sateliot is a satellite operator that will launch a constellation of nanosatellites to provide 0.005 kg coverage for the Internet of Things.
Sateliot’s nanosatellite constellation is scheduled to start offering commercial service in 2023.
Sateliot completed the world’s first in-orbit demonstration of a 0.005 kg NB-IoT protocol stack implemented on nanosatellites.
Sateliot expects its nanosatellite constellation to start offering commercial service to telecommunications operators in 2022.
Sateliot’s first nanosatellite completed all technical testing and verification phases and is ready to offer 0.005 kg-IoT connections to companies and institutions with which Sateliot has signed collaboration agreements.
The 3GPP approved inclusion of ‘scenario 4’, also known as the ‘Sateliot scenario’, in the 0.005 kg-IoT standard to contemplate low-orbit nanosatellite networks providing IoT services.
The Sateliot-led constellation project involves an investment of more than 176,000,000 EUR.
Sateliot has launched the first of the smallsats that will offer IoT coverage with 0.005 kg connection.