Skylo Technologies has raised $37 million in funding to enhance its direct-to-device satellite connectivity services, backed by notable investors including Intel Capital and Innovation Endeavors.

Information on the Target

Skylo Technologies is a pioneering provider of direct-to-device satellite connectivity, headquartered in Mountain View, CA. The company specializes in enabling seamless connections for smartphones, wearables, and IoT devices through existing satellite networks. This innovative approach enhances accessibility and efficiency for various sectors such as consumer technology, automotive, agriculture, energy, and transportation.

Recently, Skylo secured $37 million in funding to scale its operations and expand support for a broader range of devices. The investment was co-led by prominent firms, including Intel Capital and Innovation Endeavors, along with notable contributions from BMW i Ventures, Next47, Samsung Catalyst Fund, and Seraphim Space. The addition of David Johnson from Intel Capital to the board will further strengthen Skylo's leadership team and strategic direction.

Industry Overview in the Target’s Specific Country

The satellite connectivity industry is witnessing significant growth globally, driven by the increasing demand for reliable and ubiquitous communication solutions. In the United States, the market