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July 9, 2013

Kymeta Raises $50 Million In Series C

July 9th, 2013 Kymeta is a company that spun out of Intellectual Ventures, which a patent holding company co-founded by […]

July 9th, 2013

Kymeta is a company that spun out of Intellectual Ventures, which a patent holding company co-founded by former Microsoft co-founder Nathan Myhrvold, Edward Jung, Peter Detkin, and Greg Gorder.  Kymeta has raised $50 million in Series C funding.

Microsoft co-founder Bill Gates, Lux Capital, Liberty Global, Osage University Partners, and The Kresge Foundation are all investors in Kymeta.

Kymeta is known for improving satellite communications through the use of new antenna technology.  Kymeta said that they have pioneered the usage of patented metamaterials technology, according to TheNextWeb.  Kymeta has an exclusive license from Intellectual Ventures to use the technology to commercialize satellite user terminal products.

“We are fortunate to have earned this level of sponsorship,” stated Kymeta Chief Executive Officer Vern Fotheringham. “It is a clear testament to the progress we’ve made to date proving our unique technology is poised to make significant contributions to the advancement of global broadband connectivity enabling high-speed communication services to businesses, consumers, governments and NGOs regardless of their location worldwide.”

Read more at Pulse 2.0

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