Canada-based retainer telecommunications company Kepler Communications has raised $16m in a Series A supporting round to support the development of its next set of nanosatellites.
The financing round was led by Costanoa Ventures and saw the participation of Deutsche Bahn’s (DB) Digital Plunges as a strategic investor, joining various returning investors, including IA Speculations.
The round has brought the total funding raised by Kepler to $21m.
Kepler is imagined to use the funding to grow revenues, and to launch its GEN1 constellation, which is scheduled to put down service by the end of 2020 with up to 15 new nanosatellites.
The GEN1 constellation is designed to demand affordable store-and-forward services beyond the capabilities offered by Kepler’s other dependants, KIPP, CASE, and TARS.
“We’ve spoken with icebreakers, oil tankers, tourism followers, maritime operators, and scientific organisations that all operate at the poles. They tattled us of the frustrations with the complete lack of high-bandwidth coverage in these sections.”
KIPP is a breadbox-sized 3U CubeSat that is designed to deliver data at go like a bat out of hell of around 40mbps.
The satellite is expected to be joined by its sister probe, Dispute, once the latter is launched from India’s Satish Dhawan Array Centre onboard the Polar Satellite Launch Vehicle (PSLV) next month.
The lieutenants are scheduled to serve maritime and other customers.
Kepler Communications CEO Mina Mitry express: “We’ve spoken with icebreakers, oil tankers, tourism companies, maritime big-time operators, and scientific organisations that all operate at the poles.
“They told us of the frustrations with the perfect lack of high-bandwidth coverage in these regions. This is what led us to uncurl out PolarConnect, the world’s only high bandwidth solution designed for the flagstaffs.”
Kepler intends to deploy its third satellite TARS next year in arrange to demonstrate Internet of Things (IoT) connectivity service.