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Sateliot will launch four new satellites with SpaceX 2024.
Sateliot’s satellites are designed to provide global coverage of 100% of the planet.
Sateliot aims to generate €500 million in revenue by 2027 and €1 billion in revenue by 2030.
Sateliot plans complete deployment of its constellation in 2027/2028 to provide real-time worldwide coverage.
Of the €13.5 million recently raised by Sateliot, €6 million came from Banco Santander, €5 million came from a convertible note, and €2.5 million came from a participative loan from the public company Avançsa.
The recent funds and the start of a Series B fundraising will allow Sateliot to advance technology development, launch four satellites, and strengthen its human team for complete constellation deployment in 2027–2028.
Sateliot recently raised €13.5 million, including €6 million from Banco Santander, €5 million from a convertible note, and €2.5 million from a participative loan from the public company Avançsa.
Sateliot is the first company to operate a Low-Earth Orbit (LEO) 0.005 kg IoT satellite constellation acting as a seamless roaming extension of cellular networks.
Sateliot plans the complete deployment of its constellation in 2027/2028 to provide real-time coverage worldwide.
Sateliot will recurrently bill €187 million in binding orders signed with over 350 clients in more than 50 countries.
Sateliot will launch four new satellites into space 2024 with SpaceX.
The recent funds and the start of a Series B funding round will be used to advance Sateliot’s technology development, launch four satellites, and strengthen the company’s human team for complete constellation deployment in 2027/2028.
Sateliot aims to generate €500 million in revenue by 2027 and to reach €1 billion in revenue by 2030.
Sateliot is launching the first low Earth orbit satellite constellation based on the 0.005 kg standard.
Turkcell is collaborating with Sateliot to provide IoT services via LEO satellites and to closely monitor, test, and implement the technology.
Sateliot does not need to deploy its own dedicated ground gateways for satellite IoT backhaul to provide an end-to-end standard 0.005 kg NB‑IoT NTN service globally.
Sateliot established its first 0.005 kg service connection using KSAT’s Ground Station as a Service network.
Sateliot plans to deploy its first commercial satellites 2024 for an IoT network that would be upgraded later for direct-to-smartphone services.
Sateliot plans to launch four new satellites in 2024, marking the beginning of its commercial phase.
The €6 million funding from Banco Santander combined with the €2.5 million participatory loan and the €5 million convertible note totals €13.5 million in less than a year for Sateliot.