ADELAIDE, Australia, 6 April 2020 — Myriota, the world leader in low-cost and low-power satellite connectivity for the Internet of Things (IoT), announced a $28 million AUD [$17 million USD] Series B funding round led by Hostplus and Main Sequence Ventures.
Additional investors include In-Q-Tel, Inc., Right Click Capital, the South Australian Venture Capital Fund, Singtel Innov8, Boeing HorizonX, and Malcolm Turnbull – who led the government that established the Australian space agency in 2017. This latest round of funding brings Myriota’s total funding to more than $50 million AUD [$30.4 million].
As a testament to Myriota’s strength in the market – all participants in Myriota’s Series A have returned to participate in this new raise. With this new round of funding, Myriota plans to continue its exponential growth by scaling its platform globally to connect billions of devices to power energy-efficient technology for customers for years to come.
New investor In-Q-Tel, Inc. is a US based the not-for-profit strategic investor that supports cutting-edge and critically needed technology capabilities that benefits the national security of the United States and its allies.
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