Series B Round

$70.0M Apr 17, 2025

Funding Details

Sateliot is the first LEO satellite operator providing global NB-IoT connectivity with 3GPP standards and 5G NTN roaming for telecom operators. The startup is pioneering the first satellite constellation designed to deliver Narrowband IoT (NB-IoT) connectivity, enabling seamless communication for IoT devices across the globe. With this funding, Sateliot aims to accelerate the deployment of its low Earth orbit satellite constellation, which will enhance global connectivity for IoT applications. The funding will also support the development of over 100 satellites to ensure comprehensive coverage and reliability for IoT communications worldwide. This funding round is crucial for Sateliot as it positions itself as a leader in the satellite communications market, addressing the growing demand for IoT connectivity in various sectors including agriculture, logistics, and smart cities.

Confidence Score

Data extraction confidence: 90%

Participating Investors

SETT

SETT is a venture capital firm focused on investing in innovative technology startups that are poised for growth and disruption in their respective in...

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Other Data Sources

Exa Round Data

Apr 21, 2025

Exa Enrichment History

Fields Updated

amount currency announced_date description stage

Enrichment Details

Amount

70.0

Currency

USD

Announced Date

2025-04-17T11:00:25

Description

Stage

Series B

Enrichment History

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