https://techcrunch.com/2020/04/06/myriota-raises-19-3-million-to-expand-its-iot-satellite-constellation/

Internet of things satellite connectivity startup Myriota has raises a $19.3 million Series B funding round, led by Hostplus and Main Sequence Ventures, with additional funding from Boeing, former Australian PM Malcolm Turnbull, Singtel Innov8 and others. The company has now raised $37 million in Funding, and has four satellites on orbit already, with a plan to expand that to 25 by 2022 with the help of this new funding.

Myriota provides low-cost, power efficient direct satellite connectivity for IoT uses, including industrial applications like equipment monitoring and measurement of environmental measures like groundwater levels. The Adelaide-based company has developed its own proprietary low-over iOT communications technology, that claims big advantages over existing solutions in terms of battery life, security, scalability and cost.