Skylo Technologies Promises Ubiquitous NB-IoT Connectivity

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By Adarsh Krishnan | 1Q 2020 | IN-5744

 

Skylo Raises US$103 million in Series B Funding

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Founded in 2017, Skylo Technologies, a Palo Alto, California-based satellite company that recently announced that it raised US$103 million in Series B funding following US$13 million in Series A funding, amounting to a total of US$116 million overall. Skylo Technologies offers affordable and ubiquitous Internet of Things (IoT) connectivity using Low-Earth Orbiting (LEO) satellites to connect sensors and devices. Using Narrowband IoT (NB-IoT) connectivity, Skylo plans to offer IoT connectivity to the remotest of regions, primarily targeting applications such as vehicle and equipment monitoring and maritime, agricultural, and disaster management. Skylo Technologies has developed a portable satellite transceiver and IoT hub that communicates via NB-IoT directly over satellite and can be remotely managed using its data platform.  

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