Satellite IoT connectivity company Totum Labs announced it has completed a $13 million Series A financing. Heroic Ventures and Space Capital co-led the investment round with participation from existing investors, including Qualcomm Co-founder Dr. Andrew Viterbi and new strategic investor Qamcom.
The investment brings Totum’s total funding since launch to $15.5 million and will enable the company to accelerate the deployment and commercialization of its low power sensor to satellite network and connectivity.
Totum is developing the revolutionary communication system and chip level technology required for simple, global, outdoor and indoor low-cost connectivity that will allow Low Power Wide Area (LPWA) connections to scale into the billions.
“Others that have launched satellites are not on a technical path to scale to billions of connections and they will largely be limited to high value, low-volume endpoints hist ..
Support the originator by clicking the read the rest link below.
