Virginia-Based Startup Raises $12 Million To Launch Communication Satellites

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Virginia-Based Startup Raises $12 Million To Launch Communication Satellites

UbiquitiLink—a Virginia-based startup aiming to develop mobile connectivity across the globe—has raised $12 Million in total in order to establish a global constellation of communication satellites. This approach would improve the connectivity by extending the reach of the terrestrial cellular network.

The most recent investment of $5.25 Million from Blazar Capital and Rise of the Rest Seed Fund has brought the final investment to $12 Million after UbiquitiLink’s second fundraising round.

In February 2019, the startup conducted the first trial with its payload, in which ISS astronauts tied the payload on the top of a Cygnus capsule and launched the capsule back to the Earth. UbiquitiLink examined onboard technology for five days before the capsule caught flames in Earth’s atmosphere.

Now, the startup is expecting to carry out next-level testing in the next month with an organized payload on another Cygnus. Before testing, the payload has to be dispatched to the space station, for which the launch is scheduled in late July through a Falcon 9 rocket.

Miller—NASA’s commercial space advisor—said in an interview that in real-time, around 15% of the 5.2 billion mobile users cannot be able to connect to terrestrial cellular networks.

Miller added that at present, 28 associates, including 21 cellular network operators are linked to UbiquitiLink for providing services to 1.1 billion cellphone users.

On a similar note, a follow-up deal has been signed this week between Israel’s major aerospace and aviation manufacturer, IAI (Israel Aerospace Industries), and the Indian Navy, stated by IAI. The deal is valued worth $50 Million in which IAI have to supply complementary Naval-based medium-range surface-to-air missile system to the Mazagon Dock Shipbuilders and the Indian Navy.

The deal is not restricted to arms supply but involves maintenance and other services as well.

Francis Sargent
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EDITOR-IN-CHIEF At Industry Research Reports

Francis Sargent has studied masters of business administration in marketing from one of the elite universities. At our portal, Francis manages the business-related blogs, newsletters, and opinion articles. Additionally, he works closely with the officials to capitalize on the services provided to patrons. He is connected with us from past 4 Years and focuses on the latest business deals, acquisitions, mergers of top forces across the globe. Earlier, Francis has spent several years in this industry, where he functioned to drive results across revenue management, process improvement, team management, and overall controls.

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