Swarm Technologies raises $25M for space-based IoT network

Swarm Technologies is raking in $25 million in a funding round aimed at getting a constellation of sandwich-sized satellites up and running for the Internet of Things. The satellites, known as SpaceBEEs, are so small that the Federal Communications Commission turned down the Silicon Valley startup’s application for a launch license last January. The mission went ahead anyway — largely because Seattle-based Spaceflight, the company that was taking care of the logistics for liftoff aboard an Indian PSLV rocket, didn’t know Swarm’s application had been rejected.