All verified mentions of this organization in source documents.
Myriota completed a $19,300,000 Series B to fund a constellation of 25 small satellites.
Myriota will pay 600,000 Canadian dollars to exactEarth for the satellites, ground stations, and licenses, comprising 150,000 Canadian dollars in cash and 450,000 Canadian dollars in preferred shares of Myriota.
Myriota is buying four small satellites (EV-1, EV-6, EV-9, and EV-11), six ground stations, and associated spectrum licenses from exactEarth.
Myriota expects that acquiring the exactEarth satellites will help it reach an hourly revisit rate that requires 10 satellites.
Myriota was founded in 2015 to commercialize cheap, narrowband signal transmitters developed at the University of South Australia.
Myriota has raised $37,000,000 in total funding since its founding.
Myriota will use the new capital to fund additional satellites and to increase its head count from around 40 people up to 80 people.
On 2020-04-06, Myriota raised $19,300,000 to continue developing a constellation of at least 25 satellites to connect Internet-of-Things devices globally.
Myriota has been using a payload on Brio, a smallsat built by SpaceQuest, to test signal processing, firmware upgradability, and other capabilities ahead of launching its first satellites.
In February, Myriota selected Tyvak Nano-Satellite Systems to develop and launch multiple satellites in 2019.
Myriota raised $15,000,000 in 2018 through a Series A round in which Singtel, Optus’ Singapore-based parent company, participated.
Myriota plans to operate satellites between 400 and 600 km in altitude with mission durations of three to five years.
Myriota plans to have three satellites in orbit by the end of 2019.