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July 11, 2013

Kymeta Closes $50 Million Series C Financing

By Steve Schuster | July 11, 2013 | ST Briefs, Telecom Kymeta uses satellite technology to provide connectivity on planes, trains, boats, and automobiles. Image […]

By  | July 11, 2013 | ST BriefsTelecom

kymeta new broadband mobile services

Kymeta uses satellite technology to provide connectivity on planes, trains, boats, and automobiles. Image credit: Kymeta
[Satellite TODAY 07-11-13] Kymeta has successfully closed a $50 million Series C financing arrangement to accelerate its growth plans. Kymeta, a privately held technology company, designs and manufactures satellite communication antennas and systems. Osage University partners and the Kresge Foundation joined existing Kymeta investors including Bill Gates, Lux Capital and Liberty Global in the financing.
Kymeta is using patented metamaterials technology that steers antenna beams without moving parts, resulting in flatter, thinner, lighter and more adaptable antennas and communication terminals. The company says this capability enables “new opportunities in the satellite industry to provide new broadband mobile services and highly-flexible portable and fixed services to a wide range of applications.”
In addition to this announcement, Kymeta’s CEOfficer Vern Fotheringham announced several key promotions on the company’s senior leadership team, including the appointment of Bob McCambridge as president and COO. Co-founder Nathan Kundtz was appointed as executive vice president and CTO, and John Schilling as executive vice president and CFO.

Read more at Via Satellite

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