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July 9, 2013

Bill Gates helps satellite antenna company Kymeta raise another $50M

RICARDO BILTON JULY 9, 2013 2:52 PM Kymeta’s dream of global satellite broadband is starting to look more real. The high-profile satellite […]

kymeta satellite broadband receiver

Kymeta’s dream of global satellite broadband is starting to look more real.

The high-profile satellite company has raised a fresh $50 million, thanks to Bill Gates, Lux Capital, and others. The funding brings Kymeta’s total to $62 million.

Spun out of Intellectual Ventures — yes, that Intellectual Ventures — Washington-based Kymeta creates a portable, laptop-sized satellite broadband receiver that can receive signals from just about everywhere in the world. Core to its approach are so-called metamaterials-based antennas, which can direct satellite signals without the need for moving parts.

Basically, Kymeta wants to make sure your next car, yacht, or personal jet has the same high-speed Internet access as your house.

The space isn’t new to Bill Gates, who invested millions in “Internet in the sky” company Teledesic back in the 1990s. Teledesic ultimately nixed plans for its network, but Gates clearly never lost sight of the company’s ambitions.

Gates’s interest in Kymeta’s approach should be pretty clear: Global high-speed broadband may be good for those of us who already have Internet acess, but it’ll be a greater boon to the millions of people who don’t.

Read more at Venture Beat

About Kymeta

The world’s demand for ubiquitous mobile connectivity is irrefutable. A global, mobile network is the answer to connecting people and places that have never been connected before.

Kymeta is making seamless, always-connected mobile communications possible with a unique hybrid approach that enables satellite and cellular networks to deliver a single, global, mobile network. End-to-end mobile communications are delivered with Kymeta K?LO™ connectivity services, and the world’s first and only electronically-steered, flat-panel satellite terminal that goes places traditional satellite dishes cannot. Backed by U.S. and international patents and licenses, the Kymeta KyWay™ terminal makes high-throughput, mobile communications possible in cars, trains, buses, trucks, boats, and much more.

If it moves, Kymeta keeps it connected.

For more information, visit kymetacorp.com and KALO.net.

Business Inquiries for Kymeta
Sam Christensen Marketing Kymeta
+1 425.658.8703
Media Inquiries for Kymeta
Melanie McBride Vice President, Content and PR The Summit Group
+1 801.990.8464