CNBC
•73% Informative
Silicon Valley space startup Skylo Technologies raised $37 million through an equity round.
The company is pursuing the nascent "direct-to-device" satellite communications market.
Instead of building next-generation satellites, Skylo aims to provide a network to connect new devices via existing satellites.
"We want ubiquitous connectivity. We just don't want extra hardware, because that adds complexity," Skylo CEO Parth Trivedi said.
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