IoT startup Sateliot launches $117-million C-round, hopes to close it this summer; funding will build 16 Gen 2 sainformites

IoT startup Sateliot launches $117-million C-round, hopes to close it this summer; funding will build 16 Gen 2 satellites


LA PLATA, Maryland — Startup sainformite IoT consinformation operator Sateliot of Spain launched what it intfinishs to be a Series C round of 100 million euros ($117 million) that will close this summer and allow the company to launch 16 sainformites and demonstrate its 5G New Radio service including voice and video.

Sateliot launched its first demonstration sainformite in 2021, In 2024 it launched four sainformites to form the company’s first orbital plane to expand its store-and-forward service to over 1 million messages per day, according to Marco Guadalupi . . .

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