Xplore Secures $16.2M in Venture Funding and Customer Contracts

Xcraft (Credit: Xplore)

REDMOND, Wash., February 24, 2022 (Xplore PR) — Xplore Inc. announced it has received $16.2 million in funding to date. The company has aligned itself with exceptional strategic and veteran space sector investors, including: Alumni Ventures, Brightstone Venture Capital, KittyHawk Ventures, Private Shares Fund, Starbridge Venture Capital, Helios Capital, Lombard Street and Gaingels. Notable investors also include Tremendous View, Kingfisher Capital and Dylan Taylor – commercial astronaut and CEO of Voyager Space.

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Fleet Space Technologies Raises $26.4 Million in Series B Round to Fund IoT Nanosat Development

Internet of Things satellite (Credit: Fleet Space Technologies)
  • Fleet Space Technologies attracts $26.4m (USD) investment valuing company at $126m (USD)
  • Series B Round oversubscribed
  • Investment confirms confidence in Fleet Space advanced satellite technology 
  • Tech drives radical Internet of Things (IoT) efficiencies 
  • Investment is firm commitment to Australia’s rapidly emerging space industry  
  • Investment creates 70 new jobs, including many desirable STEM positions 

ADELAIDE, Australia (Fleet Space Technologies PR) — Fleet Space Technologies announces that it has secured $26.4m (USD) in investment, valuing the company at $126 million (USD). This represents a major step forward for Fleet Space Technologies, which is committed to creating the world’s most advanced low-power satellite network, securing planet-wide coverage for millions of compatible Internet of Things (IoT) devices by using its in-house Nanosatellite technology. This funding will underpin significant expansion in Fleet Space’s manufacturing footprint and will expand the company’s highly skilled workforce. 

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