Skylo Secures $37 Million in Funding to Expand the Satellite Communication Network
Key Points: Skylo Technologies secures funding from corporate venture arms led by Intel Capital and Innovation Endeavors. The startup aims to bridge the gap between satellite and terrestrial communications. The company's approach emphasizes ubiquitous connectivity and seamless integration with existing networks. Skylo is generating revenue, expanding its workforce, and extending its network reach across multiple regions. Skylo Technologies, a Silicon Valley-based space startup, has secured $37 million in funding from corporate venture arms, including Intel Capital, BMW i Ventures, and Samsung Catalyst Fund. The equity round was led by Intel Capital and Innovation Endeavors, bringing Skylo's total equity fundraising to...
