Fleet Space Technologies Raises $7.35 Million Round for Internet of Things

Credit: Fleet Space Technologies

BEVERLEY, South Australia (Fleet Space Technologies PR) — Fleet Space Technologies has raised USD$7.35 million (AUD$10.8 million) from global funds including Momenta Ventures and Horizons Ventures, to deliver ubiquitous Internet of Things (IoT) connectivity to remote industries, powered by a global constellation of nanosatellites.

Investors in the funding round also included Grok Ventures and Blackbird Ventures, who re-invested in the company, and the Kennard family, whose equipment hire company Kennards Hire, is a Fleet customer focused on digital transformation. The new funding will enable Fleet to meet the increasing demand for global deployments of private IoT networks, powered by its constellation of nanosatellites, across industries including logistics, resources and energy.

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