Wyler-backed Tarana Secures $88 Million Financing with Khosla Ventures, EchoStar Corp., and 1010 Holdings, LLC.

Greg Wyler of OneWeb

Former EchoStar EVP joins Tarana as President

Investment enables completion of Tarana’s revolutionary solution for fixed wireless broadband access.

SANTA CLARA, Calif. (Tarana Wireless) — Tarana Wireless Inc. today announced a $60 million financing with Khosla Ventures and EchoStar Corporation, as a follow-on to financing of $28m led by 1010 Holdings, LLC, the family offices of Greg Wyler. In conjunction with the financing, EchoStar Chairman Charlie Ergen, Khosla Ventures partner Samir Kaul, and Greg Wyler, Chairman of OneWeb, have joined Tarana’s board of directors. Kranti Kilaru recently stepped down from his role as EVP at EchoStar to join Tarana’s leadership team as President.

With total financing of nearly $200 million, Tarana has created a new class of radio technology with unprecedented immunity to obstructions, interference, changing conditions, and spectrum scarcity. Tarana’s fixed wireless access technology will drive a tenfold improvement in the network economics of gigabit broadband access at massive scale.

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One Web Announces $500 Million Funding Round, Launch Contracts for Soyuz, LauncherOne

OneWeb constellation. (Credit: Airbus Defence & Space)
OneWeb constellation. (Credit: Airbus Defence & Space)

Highlights

  • OneWeb announces $500 million funding round for 900 satellite constellation
  • Backers include Airbus Group, Coca-Cola, Intelsat, Qualcomm, Hughes Network Systems and Virgin Galactic
  • Largest commercial rocket order ever includes 21 Soyuz launchers and 39 launches of Virgin Galactic’s LauncherOne

LONDON (OneWeb PR) — OneWeb, which is building a new global communications system to create affordable broadband services for all, today announces it has raised $500 million of funding from a group of leading international companies.

OneWeb has attracted investment from Airbus Group, Bharti Enterprises, Hughes Network Systems, (Hughes), a subsidiary of EchoStar Corp., Intelsat, Qualcomm Incorporated, The Coca-Cola Company, the Virgin Group, and Totalplay, a Grupo Salinas Company, owned by Ricardo B. Salinas.

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