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Intel Capital Invests in Skylo’s Direct-to-Device Satellite Connectivity

February 23, 2024

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Skylo Technologies, a non-terrestrial network (NTN) service provider, has recently announced securing $37 million in funding from a group of investors co-led by Intel Capital and Innovation Endeavors. This significant investment is expected to propel Skylo's innovative approach to 5G satellite-to-device communications to new heights.

Joining Intel Capital and Innovation Endeavors in this funding round are notable investors such as BMW i Ventures, Next47, Samsung Catalyst Fund, and the UK's Seraphim Space. The involvement of these key players underscores the industry's recognition of Skylo's potential to revolutionize connectivity services across various sectors.

David Johnson, Managing Director at Intel Capital, expressed enthusiasm about the investment, stating, "As lead investors, we recognize the transformative potential of Skylo's scalable approach for 5G satellite-to-device communications." Johnson also commended Skylo's team for their industry ecosystem support and their dedication to delivering cost-effective connectivity solutions for high-volume device categories.

The funding infusion will enable Skylo to enhance its support for smartphones, wearables, IoT devices, and mobile network operator customers. Skylo aims to make non-terrestrial networks more accessible and efficient for a wide range of industries, including consumer electronics, automotive, agriculture, energy, and transportation.

Founded in 2017 by a group of engineers and scientists from MIT and Stanford, Skylo is headquartered in Mountain View, California. The company's commitment to advancing connectivity solutions has led to strategic partnerships, such as the recent collaboration with Viasat to launch a global direct-to-device network. This partnership is set to revolutionize the market by offering 3GPP Release 17 compliant products using Viasat's extensive network coverage.

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