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Cellular NTN provider Skylo raises $37m from Intel, BMW, Samsung, others

February 13, 2024


US-based Skylo Technologies has raised $37 million for its non-terrestrial cellular 5G network (NTN), including from the investment arms of Intel, BMW, and Samsung, among others. The new investment will go to expand its satellite network and business operations, as it looks to load cellular traffic from smartphones, wearables, and IoT devices. It cited the automotive, agriculture, energy, and transportation sectors as primary customer targets.

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