Kymeta, a global corporation for flat panel antennas that make mobile global, announced the closing of additional equity funding totaling approximately $84 million, led by Bill Gates and participation by Hanwha Systems, among other investors.
The investment will be used to drive Kymeta’s innovations forward, accelerate the production of its innovative electronically-steered flat panel technology and further evolve the company’s growth as it prepares to expand our offerings for LEO and defense customers.
Kymeta to expand manufacturing capacity
The company is now nearly fully funded and will allow Kymeta to expand its manufacturing capacity to meet client demand for flat panel antennas while continuing to evolve the u8 product line in the Ku-band and bring the same product family into the Ka-band in the future.
“Kymeta’s growth multiplies as we develop, deliver, and launch innovative products into the market,” said S. Douglas Hutcheson, Executive Chairman and Co-CEO of Kymeta.
“This is an exciting period for Investors as they see the growing enthusiasm for our products as we hit our milestones and this strong financial backing is another testament to that.”
“Our technology advancements give Kymeta a competitive advantage and we are excited to continue in the development of both our second-generation u8 product family and third-generation technology to provide even higher efficiencies and lower costs for our customers.”
Kymeta offers the only high-bandwidth, low power, fully integrated family of high throughput mobile terminals adopted by Military, Government, Enterprise and Maritime clients globally.
Kymeta’s impressive market growth and recognition
Kymeta’s unique metamaterial-based antenna, terminal, and services are used across multiple verticals and markets around the world and support satellite, cellular, and multi-orbit mobile connectivity—from LEO to GEO without any moving parts.
Over the past one year, Kymeta has seen tremendous momentum through global partnerships with key industry leaders and groundbreaking testing demonstrating interoperability with low Earth orbit (LEO) and geostationary (GEO) satellite constellations as well as delivering total solutions for the future that are available in the market today.
Kymeta Corporation was also recognized with the Australia’s Good Design Gold Award, Teleport Technology of the Year by the World Teleport Association and the Top Government Mobile Innovation by Mobile Satellite Users Association.
Kymeta will be at SATELLITE 2022 from March 21-23 in meeting room #156 where the company making mobile global will officially announce additional high-profile partnerships, host on-site meetings, and hold driving demonstrations.