Barcelona-based satellite IoT provider Sateliot has secured €10 million in a Series B funding round led by Global Portfolio Investments. This investment will enhance Sateliot’s NB-IoT constellation, aiming for 100 satellites by 2028. The company plans to offer real-time global coverage, targeting sectors like agriculture, industry, and logistics.
Barcelona-based Sateliot has launched four LEO nanosatellites via SpaceX to expand its satellite IoT services. This move aims to connect eight million devices and secure €30 million in funding. Utilizing a 5G core through AWS, Sateliot’s NB-IoT constellation targets 100% global coverage and offers cost-saving IoT solutions.