After welcoming in March Marine Instruments, one of of the world’s largest bidirectional satellite IoT customers as a strategic investor, Astrocast just secured additional investments and support from notable private investors with experience from the IoT and cellular industries.
Astrocast continues to work towards the successful development and deployment of its satellite IoT network. The Vaud scale-up led by Fabien Jordan just announced some new investments and achievements that validate its market acceptance and the strong path forward.
In the last few months, the company has announced a strategic investment made by Marine Instruments, one of the largest bidirectional satellite IoT customers in the market today. The company based at EPFL Innovation Park has also made big strides forward in the development of its L-Band low-power ASIC towards mass production and the company signed a new launch contract with Spaceflight ensuring the deployment on time of its satellites.
In parallel to all of this, Astrocast also secured additional investments from notable private investors with experience from the IoT and cellular industries. Among them, a renowned software expert in network performance management, who co-founded InfoVista (IPO Nasdaq). The company also welcomed a world-class hardware expert, Mr. André Jolivet, founder of Wavecom (IPO Nasdaq). His impressive expertise ranges from the development of RF ASICs, modules to complete M2M and IoT solutions.
“This is a great validation of Astrocast’s development strategy, and we are very pleased with this strong support. Our seamless and consistent technological approach is paying off. The best way to ensure future success is by securing credible investments and showing strong market traction through a customer focused technology and service.” Fabien Jordan CEO, Astrocast.
(Press release - ES)
Please login or sign up to comment.
Commenting guidelines