Myriota raises $32M (A$50M)

Company: Myriota
Round: Venture
Amount: $32M (A$50M)
Investors: National Reconstruction Fund Corporation (lead), Main Sequence Ventures, Inter Valley Ventures
Announced: December 20, 2024

What happened

Australian satellite IoT company Myriota raised A$50 million (about $32 million), including A$25 million from the National Reconstruction Fund Corporation, with Main Sequence Ventures and Inter Valley Ventures participating, to expand its direct-to-orbit IoT connectivity network.

Why it matters

Australia's sovereign investment fund anchoring a satellite IoT round shows governments now treat non-terrestrial connectivity as strategic infrastructure, not just a venture bet.

Satellite

IoT

Australia

Source: Myriota

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