Kymeta Corporation Announces $62 Million In New Series D Funding

A Kymeta laboratory. Photo: Kymeta

[Via Satellite 01-11-2016] Kymeta has closed a $62 million Series D financing. The funds will support the company’s efforts to build antennas to bring high-speed and high-bandwidth satellite connectivity to anything that moves. The financing round included existing Kymeta investors Bill Gates, Lux Capital, Kresge Foundation and Osage University Partners, as well as new as of yet undisclosed strategic partners.

Over the course of the last year, Kymeta made significant progress toward its goal of connecting anything that moves. This progress included new partnerships in critical industries, successful testing of its smart antenna with satellite constellations and the first completed glass-on-glass, thin-film-transistor-based antennas.