Skylo Emerges from Stealth Mode with USD 116 Million

Skylo Emerges from Stealth Mode with USD 116 Million

The company was founded in 2017 by Trivedi, Andrew Nuttall, and Andrew Kalman. The three of them also founded Pumpkin Inc. Skylo has offices in San Mateo, California, Bangalore, India, and Tel Aviv, Israel. The firm has about 30 employees and is proliferating

Fremont, CA: Internet of Things startup Skylo emerged from stealth mode on January 21, with USD 116 million in its account. The company aims to connect devices by transferring data over existing geostationary satellites. Skylo raised USD 13 million in its Series A funding round led by DCM Ventures and Innovation Endeavors with participation by Boeing HorizonX and Moore Strategic Ventures. This was followed by a Series B funding round of USD 103 million led by SoftBank with participation by all the firm’s previous investors.

“The key challenge we wanted to address was how data was going to be moved from machines and sensors outside of the areas where traditionally connectivity has existed," said Parthsarathi 'Parth' Trivedi, Skylo co-founder and CEO. "If we could lower the cost of providing ubiquitous, affordable, and reliable connectivity, there would be a phenomenal number of applications." The firm developed the Skylo Hub, a compact satellite terminal to connect machines to the Skylo network. The hub includes geolocation and acceleration sensors, which act as a wireless hotspot for nearby sensors.

According to CEO Trivedi, Skylo opted to send data over geostationary satellites as waiting an hour or two for communications wasn’t a viable solution for more than half of the applications that the company considers. "For fleets of trucks or fleets of fishing vessels, customers needed connectivity every five to 10 minutes," said Trivedi.

“Skylo’s satellite technology creates an affordable way to connect more of the physical world to the internet, even in remote areas,” said Yoshi Segawa, SoftBank Group International vice president. "Skylo’s antenna technology and use of the narrowband internet-of-things protocol is revolutionary, and we look forward to working with the company in developing new use cases." The company was founded in 2017 by Trivedi, Andrew Nuttall, and Andrew Kalman. The three of them also founded Pumpkin Inc. Skylo has offices in San Mateo, California, Bangalore, India, and Tel Aviv, Israel. The firm has about 30 employees and is proliferating.

See also: Top IoT Solution Companies

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