<ul><li>Barcelona-based SpaceTech company Sateliot has closed its Series B round at €70 million to deploy a constellation of more than 100 satellites to provide global connectivity services.</li><li>Sateliot aims to become the first 5G-IoT telecommunications operator from space, delivering NB-IoT connectivity to extend mobile telecom coverage to 100% of the planet.</li><li>The investment will be used to provide global connectivity services, especially in remote areas, for defense, cybersecurity, telecommunications, logistics, mining, energy, environment, agriculture, and critical infrastructures.</li><li>Sateliot has already launched six satellites and has contracts worth €270 million with over 400 customers in 50 countries, with a goal of achieving a turnover of €1 billion by 2030.</li></ul>

Sateliot’s space leap: €70 million to connect the planet with 5G-IoT from orbit

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