Myriota to expand its IoT satellite constellation

Internet of things satellite connectivity startup Myriota has raised $19.3 million Series B funding round.

Lead investors Hostplus and Main Sequence Ventures joined by In-Q-Tel, Malcolm Turnbull, Right Click Capital, Singtel Innov8, Boeing HorizonX and South Australian Venture Capital Fund,

The company provides low-cost, power efficient direct satellite connectivity for IoT uses, including industrial applications like equipment monitoring and measurement of environmental measures like groundwater levels.

Myriota’s plans for expansion have already begun, with its acquisition of satellite communications assets from data services company, exactEarth. With this deal, Myriota acquired four satellites, additional staff members, and a global network of ground station assets to build a presence across international markets.