Satellite startup Kymeta announces $50 million in funding from Bill Gates and other backers

It's been nearly a year since Intellectual Ventures announced its satellite communications spinoff Kymeta, but a recent round of funding from heavyweight backers is about to give the company some serious momentum. In a press release today, Kymeta announced $50 million in Series C financing from Bill Gates, Liberty Global and Lux Capital, among other high-profile investors. The company, which is developing a portable satellite broadband receiver under the mTenna brand, currently counts Gates among its board members. Though its products have yet to hit the market, Kymeta's A-list backing has generated significant interest in its tech, which utilizes metamaterials to deliver stronger broadband signals in a more affordable, energy-efficient package. The company is already in talks with several service providers, and this latest influx of cash should only help expedite development agreements and a commercial launch.

Filed under: Networking

Comments

Via: GeekWire

Source: Kymeta

Click Here To Compare Product

Search Result

With more than 900,000 apps and 50 billion downloads, ... Satellite startup Kymeta announces $50 million in funding from Bill Gates and other backers;,Satellite communications startup Kymeta lands $50M from Bill Gates, others Kymeta ... has scored $50 million in venture funding. Backers of the Redmond ...,Satellite communications startup Kymeta lands $50M from Bill Gates, others Kymeta Corp., the satellite ... 50 million in venture funding. Backers ...,Satellite startup Kymeta announces $50 million in funding from Bill Gates and other backers; ... Join 136 other followers.,Matthew Staffords Signing Bonus Is $27.5 Million - FanSided / Mike Dyce; ... Satellite startup Kymeta announces $50 million in funding from Bill Gates and other ...,Satellite startup Kymeta announces $50 million in funding from Bill Gates and other backers; Joystiq © 2013 AOL Inc. All rights Reserved.,Bill Gates Part of $12 Million Round for Satellite ... Other backers of Kymeta include Liberty ... It also hopes to develop a portable satellite hotspot product ...,Kymeta Corp., the satellite communications startup that spun out of Intellectual Ventures, has scored $50 million in venture funding. Backers of the Redmond company ...,Satellite startup Kymeta announces $50 million in funding from Bill Gates and other backers ... $50 million in Series C financing from Bill Gates, ...,Kymeta Corporation announced today that it has successfully closed a ... Satellite startup Kymeta announces $50 million in funding from Bill Gates and other backers ...