🛰️📱 Congrats to Skylo on their $30M raise and expansion across Brazil, Australia, and New Zealand! While modern networks have advanced dramatically, 85% of our planet remains without reliable cellular coverage. 💡 What makes their approach fascinating? Their technology works with existing chipsets, enabling devices to switch seamlessly between cellular and satellite connections when traditional coverage disappears
💹 Bringing anywhere connectivity to billions of cellular devices required Skylo to build an expansive ecosystem and collaborate with the very best players in the mobile industry. Joining us in that mission today are NGP Capital and The Westly Group, together with several of our existing investors. We couldn't be more thrilled to announce an oversubscribed $30M funding round led by NGP Capital, which allows us to double down on our market expansion. https://lnkd.in/eKNt32ZG cc: Debjit Mukerji, Steve Westly, Emily Fritze, Parthsarathi Trivedi, Andre Ronsoehr, Scott Brady, David Johnson, Christian Buerger, David K Chao, Tami Erwin, Alexander Fortmüller, Kasper Sage, David (Dede) Goldschmidt, Samantha Huang, T.J. Rylander