LA PLATA, Maryland — Startup satellite IoT constellation operator Sateliot of Spain launched what it intends to be a Series C round of 100 million euros ($117 million) that will close this summer and allow the company to launch 16 satellites and demonstrate its 5G New Radio service including voice and video.
Sateliot launched its first demonstration satellite in 2021, In 2024 it launched four satellites to form the company’s first orbital plane to expand its store-and-forward service to over 1 million messages per day, according to Marco Guadalupi . . .
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