Mangata Networks, a Phoenix, AZ-based satellite data service provider, raised $33m in Series A funding.
The round led by Playground Global. Other major investors included Temasek which is headquartered in Singapore, ktsat from South Korea, Scottish Enterprise in the UK, Promus Ventures from its Orbital Ventures Fund, and Meta Venture Partners, also in the US.
The company intends to use the funds to continue to expand operations and help deploy initial community networks, targeted for 2023.
Led by Brian Holz, CEO, and Juliette Neu, Executive VP and CXO, Mangata uses an innovative architecture of HEO (highly elliptical orbit) and MEO (medium earth orbit) satellite constellations and a terrestrial system of 5000 micro data centers to provide accessible B2G and B2B connectivity.
The company is developing a patented architecture to connect micro data centers over satellite, hosting cloud service platforms with the capability to extend connectivity directly into localized 5G, IoT and Wi-Fi networks on a global basis. Initial community networks to be deployed as early as 2023, prior to launch of its initial satellites. This will allow customers to evaluate use-cases and conduct commercial trials before the start of service.
Early in 2023 the company will be implementing multiple trial networks around the world to begin product testing and evaluation in advance of its first launch, starting with South Korea in Asia, the 5G Open Innovation Lab in Seattle, and the Scotland 5G Centre in the UK.
FinSMEs
11/01/2022