Satellite firm Swissto12 has secured new funding for its microGEO satellites.
The company this week announced the close of its $70 million Series C funding round.
– HummingSat
The funding will be used to scale manufacturing and integration capacity to “meet accelerating demand from commercial and sovereign government customers.”
Emile de Rijk, CEO and founder of Swissto12, said: “Space is increasingly recognized as essential infrastructure for the global economy. In this expanding market, our solutions across payload and satellite lines are creating significant new opportunities for customers. Our products are supporting exciting new customer missions - from direct-to-device connectivity to media broadcasting, intersatellite data relays or sovereign communications infrastructure - many of which span multiple orbits. This Series C funding round accelerates our ability to execute on this growing demand across any payload, any platform and any orbit.”
