IoT satellite Swiss startup Astrocast closes Series A round

| September 5, 2019

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Swiss Internet of Things (IoT) startup Astrocast has said it had closed its “CHF 9M Series A Round” of funding. This new round will “significantly accelerate our production of IoT modules and our commercial deployment,” it announced on its official blog. The Series A finance round brings to 16.6 million Swiss francs what Astrocast had raised since forming in 2014.After launching two initial satellites, Astrocast continues with its task to build a nanosatellite IoT network. Till now, Astrocast has launched two test satellites, and it claims to be the first such company to prove it could launch, propel, accurately determine the position and communicate with LEO nanosatellites in less than 2 hours after launch. Both satellites were functioning at full capacity.

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Techugo is one of the highest rated mobile app developers in India, USA, Dubai & Canada. We create bespoke mobile applications by evaluating the business aspect of each mobile endeavor and maximizing its potential through Discovery and Digital Innovation. Our extensive forte gained in Android and iOS platform development has made us reliable partner for both enterprises as well as for the start-ups.

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