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 historically associated with satellite connectivity,” said Ted Myers, Founder and CEO of Totum Labs.
“Only Totum’s DMSS technology can go head-to-head with the cellular industry for LPWA connectivity and provide a robust and cost-effective connectivity experience for a massive number of endpoint connections across a wide variety of industry use cases.”
“I’ve closely followed LPWA technologies for more than a decade, and I believe DMSS is the right answer for global connectivity on a massive scale,” said Qualcomm Co-founder Dr. Andrew Viterbi,
“Totum has a dominant waveform with an unparalleled link budget that positions the company to unlock the massive LPWA asset tracking and monitoring market,” said Matt Robinson, Founder and Managing Partner of Heroic Ventures. “The Totum team has unmatched LPWA communications technical expertise and we are thrilled to support them.”
“We see Totum’s deep communications expertise and DMSS technology as highly diff ..