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July 10, 2013

Redmond-based antenna developer raises US $50 million

July 10, 2013 by IVCPOST Staff Reporter Kymeta, a Redmond-based satellite antenna developer, said it had raised $50 million in capital. […]

July 10, 2013 by IVCPOST Staff Reporter

Kymeta, a Redmond-based satellite antenna developer, said it had raised $50 million in capital. Kymeta is an Intellectual Visions spinoff company which was created in August of 2012 when it successfully raised US$12 million in capital for its mTenna product line. The mTenna was designed to streamline satellite connections for faster broadband Internet across the world.

The company had previously received capital from investors that included Bill Gates, Liberty Global, and Lux Capital. Now, new investors including, The Kresge Foundation and Osage University Partners, have joined the packThey

The company has its metamaterials patented and is using them to make antennas and receptors smaller, lighter, more efficient while making it cheaper. The company ultimately wants to enable easier Internet access by building receptors for trucks, boats, trains, airplanes, and cars.

Bob McCambridge, the company’s chief operating officer and president said, “There are many applications where our technology can take time, cost, power consumption out of the current solutions that are in the marketplace.”

Read more at Venture Capital Post

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