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Cubic Telecom and Skylo Introduce Satellite Capabilities for Vehicles
Partnership enables seamless location tracking, remote diagnostics, vehicle unlock, and emergency communications
Mountain View, Calif. – February 13, 2024… BMW i Ventures today announced an investment in Skylo Technologies, the leading direct-to-device satellite connectivity service provider. The $37 million financing round was co-led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Samsung Catalyst Fund, Seraphim Space, and Next47.
Investment Further Strengthens Industry Momentum of Skylo’s Standards-Based Solution for Direct-to-Device Satellite Connectivity.
Mountain View, Calif. – February 13, 2024… BMW i Ventures today announced an investment in Skylo Technologies, the leading direct-to-device satellite connectivity service provider. The $37 million financing round was co-led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Samsung Catalyst Fund, Seraphim Space, and Next47.
This new investment expands Skylo’s scale and business operations to better support smartphones, wearable OEMs, IoT devices, and mobile network operator customers. This is a major step in Skylo's commitment to making standards based non-terrestrial networks (NTN) more accessible and efficient for numerous sectors, including consumer, automotive, agriculture, energy, transportation, and beyond.
“We were impressed with Skylo’s global connectivity solution that enables ‘always-on, always-connected’ communication for the automotive industry,” said Kasper Sage, Managing Partner at BMW i Ventures. “Skylo has a proven solution and team that is going to make satellite connectivity a new standard for the next generation of vehicles while keeping people safe and making their experiences seamless wherever they may go.”
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