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Kymeta closed an additional equity funding round totaling approximately $84,000,000 led by Bill Gates with participation from Hanwha Systems and other investors.
Kymeta won the BIG Innovation Award from Business Intelligence Group.
Kymeta has established global partnerships with industry leaders and conducted testing demonstrating interoperability with LEO and GEO satellite constellations.
Kymeta raised $84,000,000 on 2022-03-15 to expand manufacturing facilities ahead of deploying its first flat panel electronically steered user terminals for low Earth orbit satellites 2022.
Kymeta commercially launched the first version of its u8 steerable terminal in November 2020 for satellites in geostationary orbit.
Kymeta plans to commercially launch two additional antennas 2022: one dedicated to connecting LEO spacecraft and another that can switch between satellites in GEO and LEO.
Kymeta entered a partnership on 2021-12-01 to deploy terminals for stationary land applications on OneWeb’s LEO broadband network by the third quarter of 2022.
Hanwha Systems invested $30,000,000 in Kymeta in December 2020.
Kymeta’s latest funding round sought to raise nearly $132,000,000 in a regulatory filing.
Kymeta is preparing to deploy a third-generation u8 2022 to reduce costs after selling thousands of u8 terminals to customers including defense contractor Kratos and communications equipment maker Comtech.
Hanwha Systems acquired the assets of Phasor Solutions and invested in Kymeta to expand its satellite mobility terminal capabilities.
Kymeta’s u8 antenna is a software-defined platform designed for use in terrestrial and space-based networks in geostationary and non-geostationary orbits.
Kymeta is a metamaterials specialist developing terminals for non-geostationary satellite orbit (NGSO) operators in other spectrum bands.
Kymeta and OneWeb aimed to launch their new jointly developed user terminal solution for purchase by the third quarter of 2022.
The Kymeta u8 flat panel antenna technology interoperates with the OneWeb LEO satellite constellation and supports Communication on the Pause and future Communications on the Move for military, government, first responder, maritime, enterprise, and other commercial customers.
Pairing the Kymeta u8 antenna with the OneWeb LEO network is intended to provide governments, businesses, and communities with high-throughput and low-latency communication services at competitive prices.
The Kymeta u8 based terminal will provide interoperability between GEO and OneWeb LEO services to strengthen the reach of terminal solutions.
Kymeta and OneWeb previously collaborated on a pilot program in Toulouse, France to test and demonstrate a LEO-GEO capable land flat panel user terminal.
Under the joint development agreement, engineering teams from OneWeb and Kymeta will collaborate to ensure the terminal meets the technical specifications required for compatibility with the OneWeb network.
Kymeta plans to make the new terminal available to purchase by the third quarter of 2022.