ADELAIDE, Australia, 6 April 2020 — Myriota, the world leader in low-cost and low-power satellite connectivity for the Internet of Things (IoT), announced a $28 million AUD [$17 million USD] Series B funding round led by Hostplus and Main Sequence Ventures.
Additional investors include In-Q-Tel, Inc., Right Click Capital, the South Australian Venture Capital Fund, Singtel Innov8, Boeing HorizonX, and Malcolm Turnbull – who led the government that established the Australian space agency in 2017. This latest round of funding brings Myriota’s total funding to more than $50 million AUD [$30.4 million].
ADELAIDE, South Australia (Myriota PR) — Global leader in nanosatellite Internet of Things (IoT) connectivity, Myriota Canada (a wholly-owned subsidiary of Myriota Pty Ltd), has entered into an agreement with exactEarth Ltd. (TSX: XCT) to acquire satellite communications assets.
Significantly adding to its North American capability, the transaction, which is subject to Canadian regulatory approval, will see Myriota Canada acquire four satellites, a global network of ground station assets, and their associated spectrum licenses.
ADELAIDE, South Australia, Aug. 20, 2019 (Optus Business PR) – Optus Business today announced that it has entered into an agreement with Myriota, the global leader in nanosatellite Internet of Things (IoT), with a view to providing remote and regional connectivity for IoT devices and applications.
An Australian first, the major telco-nanosatellite provider agreement
will bring together Optus’ premium national networks and digital
enablement capabilities with Myriota’s direct-to-orbit technology to
allow for massive scale, low-cost communications for IoT devices across
remote Australian geographies.
IRVINE, Calif., February 5, 2019 (Myriota PR) – Myriota Pty Ltd has partnered with Tyvak Nano-Satellite Systems, Inc. to develop and launch multiple satellites in 2019, taking Myriota another step towards its goal of having a constellation of 50 nanosatellites.
Each satellite will run Myriota’s unique, patented software which provides reliable, direct-to-satellite Internet of Things (IoT) connectivity for millions of users worldwide.
ADELAIDE, Australia (Myriota PR) — Myriota is rolling out its next generation technology that will continue to grow direct-to-orbit communications for hundreds of millions of Internet of Things (IoT) devices thanks to today’s launch on SpaceQuest’s BRIO satellite.
Launched as part of Spaceflight’s SSO-A SmallSat Express mission, the satellite will be delivered to orbit on SpaceX’s Falcon 9 rocket; adding to Myriota’s growing constellation by testing and demonstrating its IoT network.
SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.
“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.
Reaction Engines has received a large investment by Boeing HorizonX and two other companies, CNBC reports.
The U.S. industrial giant joined Rolls-Royce and defense company BAE Systems in a $37.6 million fundraising round for U.K.-based propulsion company Reaction Engines. This is both the second foreign investment and the second space investment for Boeing HorizonX Ventures, which contributed to the $15 million funding round for Australian satellite company Myriota last month.
Reaction Engines’ advanced propulsion “could change the future of air and space travel,” according to Boeing HorizonX vice president Steve Nordlund.
“We expect to leverage their revolutionary technology to support Boeing’s pursuit of hypersonic flight,” Nordlund said in a statement.
Reaction Engines, which has now raised more than $140 million over the last three years, is developing a hybrid jet and rocket engine. In theory, the company’s SABRE engine will be capable of operating as a jet at take-off and transitioning to a rocket at higher altitudes.
ADELAIDE, Australia (Myriota PR) — Myriota, global leader in nanosatellite internet of things (IoT) connectivity, has closed a US$15 million Series A funding round.
The round was led by Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital and included Boeing HorizonX Ventures, Singtel Innov8 and Right Click Capital. It is globally the largest round announced to date for a tech startup using Space 2.0 for IoT. It is also the first investment outside the United States for Boeing HorizonX Ventures.
Cambridge, ON (exactEarth PR) – exactEarth Ltd., the leading provider of Satellite AIS data services, announced today that it is investing AUD $2M to secure a minority ownership position in technology company, Myriota Pty Ltd of Adelaide, Australia.