Totum Labs, a San Diego, CA-based satellite IoT connectivity company, raised $13m in Series A financing.
The round, which brought total funding since launch to $15.5m, was co-led by Heroic Ventures and Space Capital with participation from existing investors, including Qualcomm Co-founder Dr. Andrew Viterbi and new strategic investor Qamcom.
The company intends to use the funds to accelerate the deployment and commercialization of its low power sensor to satellite network and connectivity.
Led by Ted Myers, Founder and CEO, Totum Labs has invented and is commercializing Doppler Multichannel Spread Spectrum (DMSS) to enable tracking and monitoring of billions of assets. Its network coverage leverages a constellation of Low Earth Orbit (LEO) nanosatellites and small, low cost modules with embedded antennas and battery life of 10+ years. The resulting connectivity enables the tracking of anything anywhere in the world – even indoors.
The funding builds on a number of accomplishments for Totum, including the tape out of its DMSS 3990 Endpoint Device through Orca Systems, the issuance of 4 foundational patents, and strategic partnerships with Qamcom and others. The DMSS 3990 is a highly integrated Low Power Sensor to Satellite (LP-S2S) System on a Chip (SOC) ASIC that includes a DMSS modem, RF functionality, baseband and application CPUs, and provides for efficient integrated power regulation (for multi-year battery life) in a small/low cost package using the Global Foundries 22DFX process. Qamcom is a EU-based expert provider of value-driven technology application solutions, products and services focused around sensors, signals and systems.
FinSMEs
30/11/2020