Kymeta satellite venture gets a $62M boost

Image: Kymeta antenna
Kymeta’s flat-panel antenna picks up signals from a wide spectrum of satellites. (Credit: Kymeta)

Kymeta Corp., the Redmond-based satellite antenna venture backed by Microsoft founder Bill Gates, says it has closed a $62 million Series D financing round to support a host of new initiatives by land, air and sea.

“With new partnerships, rollout of its smart antenna, customer milestones ahead and growing industry buzz, Kymeta is inventing and delivering a future I can’t wait to live in,” Josh Wolfe, a board member and investor at Lux Capital, said in Monday’s press release announcing the capital influx.

In addition to Lux and Gates, the latest round’s funders include the Kresge Foundation and Osage University Partners, which have invested in Kymeta previously. There are also investments from “as of yet undisclosed strategic partners,” Kymeta said.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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