PICOSATS S.r.l. has successfully closed a €2.13 million investment round to further develop advanced satellite telecommunications technologies, backed by notable investors including LIFTT S.p.A. and CDP Venture Capital Sgr.

Target Information

PICOSATS S.r.l., based in Trieste, is a leading company in the satellite telecommunications sector. Recently, the firm successfully closed its second investment round, raising €2.13 million. This funding will enable PICOSATS to further innovate and develop advanced technological solutions in the space sector.

This latest injection of capital signifies a strong endorsement of PICOSATS' growth potential, solidifying its role as a key player in satellite telecommunications. The funds are earmarked for expanding research and development activities, enhancing technological infrastructure, and broadening commercial operations. Among its various objectives, the company aims to demonstrate its Ka-band technology, developed with the support of the European Space Agency (ESA), through an orbital mission in collaboration with D-Orbit S.p.A. This endeavor also includes developing a modem capable of high data transmission speeds.

Industry Overview in Italy

The satellite telecommunications industry in Italy is experiencing significant growth driven by increased demand for bandwidth and satellite services. The era of digitaliz