Funding Tracker
Announced February 13, 2024Skylo raises $37M
- Company
- Skylo
- Round
- Strategic
- Amount
- $37M
- Investors
- Intel Capital (co-lead), Innovation Endeavors (co-lead), BMW i Ventures, Samsung Catalyst, Next47, Seraphim Space
- Announced
- February 13, 2024
What happened
Direct-to-device satellite connectivity provider Skylo secured $37 million co-led by Intel Capital and Innovation Endeavors, with BMW i Ventures, Samsung Catalyst, Next47, and Seraphim Space participating, to expand satellite service that works on standard phones and devices.
Why it matters
Chipmakers and carmakers funding D2D satellite shows non-terrestrial coverage becoming a standard network layer — capacity that MVNOs can resell without owning a single tower.
Satellite
Direct-to-device
Source: PRWeb
Telecom & MVNO Acquisition Tracker
A permanent, searchable record of telecom and MVNO acquisitions: acquirer, target, deal value, status, and why each deal matters.
MVNO Launch Tracker
A permanent record of new MVNO launches worldwide: brand, host network, market, segment, and what each launch signals about the industry.