Kymeta Corporation Secures Additional $84 Million in Equity Financing

REDMOND, Wash., March 15, 2022 (Kymeta PR) – Kymeta, a world leading company for flat panel antennas that make mobile global, announced today the closing of additional equity funding totaling approximately $84 million, led by Bill Gates and participation by Hanwha Systems, among other investors.

The multi-million-dollar investment will be used to drive Kymeta’s innovations forward, accelerate the production of its innovative electronically-steered flat panel technology and further evolve the company’s growth as it prepares to expand our offerings for LEO and defense customers. With this financing, the company is also nearing fully funded and will allow Kymeta to expand its manufacturing capacity to meet increasing customer demand for Kymeta’s flat panel antennas while continuing to evolve the u8 product line in the Ku-band as well as bring the same complete product family into the Ka-band in the future.

(more…)

Hanwha Systems $30M Investment into Kymeta Corp. Approved by CFIUS

REDMOND, Wash., May 25, 2021 (Kymeta PR) — Kymeta Corporation (www.kymetacorp.com)—the communications company making mobile global—announced today that the Committee on Foreign Investment in the United States (CFIUS) has approved a $30 million investment by Hanwha Systems Co., Ltd. (HSC) (www.hanwha.com), a leading global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, in Kymeta.

The approval provided by CFIUS clears the way for HSC and Kymeta to close on the transaction that was jointly announced last December. The investment moves Kymeta one step closer toward developing solutions that are future proof and interoperable with both LEO and GEO mega constellations. Today, the Kymeta™ u8 is the only commercially available flat panel antenna that is compatible with LEO and GEO satellite constellations and enabled to take advantage of the growing capacity within space.

(more…)

Kymeta Corporation Announces $30 Million Equity Investment by Hanwha Systems to Back Global Mobile Satellite-Cellular Connectivity

REDMOND, Wash. (Kymeta PR) — Kymeta — the communications company making mobile global — announced today that Hanwha Systems (HSC) , a leading global solutions company that provides differentiated smart technologies in defense electronics and information infrastructure, has signed an agreement to invest $30 million to back the development of Kymeta’s next generation solutions, the Kymeta u8™ and Kymeta Connect™.

The investment will further Kymeta’s global market reach, accelerate production of Kymeta products and solutions, and improve the overall growth trajectory of the company. The funding is anticipated to support increased unit production, an enhanced customer experience, and the ongoing development of Kymeta’s next generation capabilities. HSC aims to support Kymeta’s metamaterial-based antenna technology and gain a foothold in the rapidly growing Low Earth Orbit (LEO) antenna market. With the capital investment and upon regulatory approvals, HSC will also receive a seat on the Kymeta Board of Directors.

(more…)