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The capital raised from Hanwha Systems is anticipated to support increased unit production, an enhanced customer experience, and the ongoing development of Kymeta’s next-generation capabilities.
Hanwha Systems aims to support Kymeta’s metamaterial-based antenna technology and gain a foothold in the rapidly growing LEO antenna market.
During Kymeta’s prototype trials, the u8 terminal achieved 100% connectivity on the move with line-of-sight using either satellite or cellular connections.
Members of Kymeta’s leadership team personally invested approximately $1,000,000 in the funding round led by Executive Chairman Doug Hutcheson.
Kymeta planned the market launch of the u8 terminal for the fourth quarter of 2020.
The Kymeta u8 terminal supports 2 GHz bandwidth across the full Ku-band.
Kymeta Corporation completed a company recapitalization and raised approximately $85,000,000 in funding led by Bill Gates.
The Kymeta u8 covers the full Ku-band and is designed to be LEO upgradeable.
Kymeta secured approximately $85,000,000 in financing led by Bill Gates to accelerate product development and commercialization of the Kymeta u8 and Kymeta Connect.
On 2020-08-18, Kymeta acquired Lepton Global Solutions, a Virginia-based company that provides turnkey connectivity solutions to the intelligence community and other government customers.
The capital raise is Kymeta's fourth publicly announced since forming in 2012, bringing total disclosed funding to $282,200,000.
Kymeta raised $85,200,000 in a funding round led by Bill Gates on 2020-08-25.
By acquiring Lepton, Kymeta improved its ability to offer managed services and operate network operations centers.
At the Satellite 2020 conference, Kymeta introduced Kymeta Connect, a hybrid satellite-cellular connectivity service with subscriptions starting at $999 per month including hardware.
At the Satellite 2020 conference, Kymeta unveiled the Kymeta u8 flat-panel antenna.
Kymeta plans to establish an East Coast office to be closer to its customer base and to better attract and retain employees with depth, skill, and domain knowledge in serving government customers.
Kymeta Corp. acquired Lepton Global Solutions LLC on 2020-08-18.
Kymeta raised $73,600,000 in an equity financing round in March 2017.
Nathan Kundtz developed the key technology behind Kymeta antennas by designing metamaterials that perform electronic beamforming for satellite communications.
Kymeta's flat panel antennas were priced up to $39,000 in 2018 and the company plans to drive prices below $1,000 through volume production.