Fleet Space Technologies eyes ubiquitous IoT connectivity

Adelaide-based Fleet Space Technologies has raised USD$7.35 million (AUD$10.8 million) to help launch a constellation of nanosatellites, aimed at delivering ubiquitous Internet of Things (IoT) connectivity to remote industries worldwide. The company launched its first four nanosatellites in 2018, on board SpaceX, Rocket Lab and ISRO, and will use the new funding to launch its next generation of nanosatellites in 2020.The new funding will enable Fleet Space to meet the increasing demand for global deployments of private IoT networks, powered by its constellation of nanosatellites, across industries including logistics, resources and energy. The latest funding round introduced strategic investors specifically chosen to help Fleet Space develop its technology to become more powerful and deploy it with the right network and technology partners.