BMW i Ventures today announced an investment in Skylo Technologies,* a direct-to-device satellite connectivity service provider. The $37 million financing round was co-led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Samsung Catalyst Fund, Seraphim Space, and Next47. (AutoInformed: BMW i Ventures Invests in Formant Robotics Data Platform)
“We were impressed with Skylo’s global connectivity solution that enables ‘always-on, always-connected’ communication for the automotive industry,” said Kasper Sage, Managing Partner at BMW i Ventures. “Skylo has a proven solution and team that is going to make satellite connectivity a new standard for the next generation of vehicles while keeping people safe and making their experiences seamless wherever they may go.”
Skylo has launched its initial service across US, Canada, and Europe, in partnership with major chipset makers including Qualcomm, Samsung, MediaTek, and Sony, together with the leading device OEMs and mobile carriers, such as Deutsche Telekom.
Skylo claims it has successfully partnered with satellite operators to enable the service on dedicated, fully licensed spectrum and existing satellite assets. “This allows terrestrial mobile carriers to take advantage of the most economical, scalable solution for direct-to-device connectivity, without sacrificing their own spectrum or changing their behavior in any way since Skylo’s network integrates as a standard roaming partner,” Skylo said.
With this new injection of capital, Skylo expand its team, enhance its marketing efforts and technological developments to bring online new capabilities, reach new verticals, and further its global footprint, the release claimed
“This round accelerates our carrier partnerships and supports all top device makers adopting our standards-based solution,” said Parth Trivedi, CEO and Co-Founder of Skylo.
*Skylo Technologies
Skylo Technologies is a global NTN service provider based in Mountain View, CA, offering a service that allows smartphone and IoT cellular devices to connect directly over existing satellites. Devices connected over satellite are managed and served by Skylo’s commercial NTN vRAN, with a 3GPP standards-based cloud-native base station and core. Skylo works with existing satellite operators, network operators, and device makers to provide subscribers an anywhere, anytime connectivity solution that roams between terrestrial and satellite networks. Skylo says its focus is on enabling connected services for people outdoors and connected workflows for machines at work across critical industries such as agriculture, maritime, logistics, and mining, in addition to mass-market consumer devices.
BMW i Ventures Invests in Skylo Technologies
BMW i Ventures today announced an investment in Skylo Technologies,* a direct-to-device satellite connectivity service provider. The $37 million financing round was co-led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Samsung Catalyst Fund, Seraphim Space, and Next47. (AutoInformed: BMW i Ventures Invests in Formant Robotics Data Platform)
“We were impressed with Skylo’s global connectivity solution that enables ‘always-on, always-connected’ communication for the automotive industry,” said Kasper Sage, Managing Partner at BMW i Ventures. “Skylo has a proven solution and team that is going to make satellite connectivity a new standard for the next generation of vehicles while keeping people safe and making their experiences seamless wherever they may go.”
Skylo has launched its initial service across US, Canada, and Europe, in partnership with major chipset makers including Qualcomm, Samsung, MediaTek, and Sony, together with the leading device OEMs and mobile carriers, such as Deutsche Telekom.
Skylo claims it has successfully partnered with satellite operators to enable the service on dedicated, fully licensed spectrum and existing satellite assets. “This allows terrestrial mobile carriers to take advantage of the most economical, scalable solution for direct-to-device connectivity, without sacrificing their own spectrum or changing their behavior in any way since Skylo’s network integrates as a standard roaming partner,” Skylo said.
With this new injection of capital, Skylo expand its team, enhance its marketing efforts and technological developments to bring online new capabilities, reach new verticals, and further its global footprint, the release claimed
“This round accelerates our carrier partnerships and supports all top device makers adopting our standards-based solution,” said Parth Trivedi, CEO and Co-Founder of Skylo.
*Skylo Technologies
Skylo Technologies is a global NTN service provider based in Mountain View, CA, offering a service that allows smartphone and IoT cellular devices to connect directly over existing satellites. Devices connected over satellite are managed and served by Skylo’s commercial NTN vRAN, with a 3GPP standards-based cloud-native base station and core. Skylo works with existing satellite operators, network operators, and device makers to provide subscribers an anywhere, anytime connectivity solution that roams between terrestrial and satellite networks. Skylo says its focus is on enabling connected services for people outdoors and connected workflows for machines at work across critical industries such as agriculture, maritime, logistics, and mining, in addition to mass-market consumer devices.