![Sateliot](https://storage.googleapis.com/dealroom-images-production/e4/MTAwOjEwMDpjb21wYW55QHMzLWV1LXdlc3QtMS5hbWF6b25hd3MuY29tL2RlYWxyb29tLWltYWdlcy8yMDI0LzA4LzIzLzhiZjEyN2I3MDJlMjNmMGU4ODM5ZmM0ZDFhOGVhODMy.png)
Sateliot
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€1.4m | Seed | ||
* | N/A | - | |
* | €10.0m | Series A | |
* | €1.5m Valuation: €50.0m | Early VC | |
* | N/A | €10.0m | Series A |
* | €8.5m | Debt | |
* | N/A | €5.0m | Convertible |
Total Funding | $30.7m |
Recent News about Sateliot
EditSateliot is a startup operating in the Internet of Things (IoT) market, providing global satellite connectivity at terrestrial prices. The company's unique selling proposition is its ability to connect standard cellular devices directly to satellites without any hardware modifications, thanks to its unique satellite constellation based on standard 5G IoT. This seamless connectivity is cost-effective, making it an attractive option for businesses looking to leverage IoT technology.
Sateliot serves a wide range of clients across various sectors. These include agriculture, marine, renewable energy, logistics, energy, infrastructure, extreme sports, environmental conservation, oil and gas, mining, and military intelligence. The company's IoT solutions help these sectors increase efficiency, reduce costs, improve sustainability, optimize reliance, and create new business models. For instance, in agriculture, IoT is used to monitor livestock for more productive farming. In the marine sector, it provides end-to-end visibility, while in the energy sector, it allows remote monitoring of critical infrastructure.
Sateliot's business model is based on providing affordable and seamless global IoT connectivity. The company makes money by charging clients for this connectivity, which is offered at a fraction of current satellite connectivity prices. In a unique move to support non-profit organizations, Sateliot also offers free connections to NGOs.
In summary, Sateliot is a game-changer in the IoT market, offering cost-effective global satellite connectivity that can be leveraged by various sectors to improve efficiency and sustainability.
Keywords: Internet of Things (IoT), Satellite Connectivity, 5G, Agriculture, Marine, Renewable Energy, Logistics, Energy Sector, Infrastructure, Non-Governmental Organizations (NGOs).