Skylo Technologies
Assembly Line
Skylo Technologies Raises $37 Million From Intel Capital, Innovation Endeavors, BMW i Ventures, Samsung Catalyst, Next47 & Seraphim Space
Skylo Technologies, the leading direct-to-device satellite connectivity service provider, today announces that it has secured $37 million in funding co-led by Intel Capital and Innovation Endeavors. New investors include BMW i Ventures, Next47, Samsung Catalyst Fund, and Seraphim Space. David Johnson of Intel Capital joins the board, bringing a wealth of experience and insight to fortify Skylo’s leadership team.
This new investment expands Skylo’s scale and business operations to better support smartphones, wearables, IoT devices, and mobile network operator customers. This is a major step in Skylo’s commitment to making standards based non-terrestrial networks (NTN) more accessible and efficient for numerous sectors, including consumer, automotive, agriculture, energy, transportation, and beyond.