Matthew BoyleBarcelona-based Sateliot is pushing the boundaries of satellite IoT with the launch of four new low-Earth orbit (LEO) nanosatellites, paving the way for a fully operational IoT service. Aiming for $1 billion in revenue by 2030, Sateliot is building an NB-IoT satellite constellation based on 5G NR Release 17 standards. The company recently partnered with AWS to establish a cloud-native 5G core, enhancing its ability to offer satellite NB-IoT as a roaming extension for terrestrial operators. Significant partnerships, such as those with Telefonica and t42, are leveraging Sateliot’s NTN technology for innovative IoT applications in sectors like logistics and power grids. Sateliot’s solution aims to eliminate connectivity black spots and extend IoT coverage to 100% of the globe by 2028, with further satellite launches scheduled through 2025. This cutting-edge IoT service promises to revolutionize industries worldwide, from agriculture to critical infrastructure, by providing seamless connectivity in even the most remote locations. Sateliot’s NTN-NB-IoT constellation marks a major advancement for global IoT networks and positions Spain as a key player in the growing satellite IoT sector.
Sateliot Launches 4 New Satellites, Sets Path for IoT Revolution in Space
If only to remind us that, despite all the hullabaloo, non-terrestrial network ( NTN, satellite ) IoT technology remains a putative proposition, Barcelona-based satellite IoT provider Sateliot has issued a press notice to declare the launch of four new low-Earth orbit ( LEO ) nanosatellites on a SpaceX mission sets it on the path to a properly-available IoT service. The firm said customers have already” contracted” the firm to connect eight million devices. It reiterated its intention to reach a$ 1 billion by 2030 target and stated that it plans to raise a further €30 million in series B funds in the near future.
Sateliot, building an NB-IoT satellite constellation based on Release 17 specifications in the 5G NR cellular standard, stated that its so-called’ Revolution ‘ mission, which carried four satellites on a SpaceX Falcon 9 rocket from Vandenberg Air Force Base in California on Friday ( August 16 ), “prepares it for commercial operations”. The firm has a virtual cloud-native 5G core for its NB-IoT satellite service, courtesy of a deal with AWS, signed towards the back-end of 2022. It wants to offer satellite NB-IoT as a roaming extension to geological operators.
Sateliot Expands Global IoT Reach with Telefonica and Major Industry Collaborations
Telefonica has been trialling the service. It announced in February that it was working with Sentrisense, a Swedish power grid company, to use satellite IoT for electrical grid sensors. Additionally, it has a significant agreement in the bag with t42, a freight software and analytics company, to place “thousands of 5G-IoT sensors” in shipping containers for “more than 50 logistics partners across over 50 countries.” The shipping industry could save “up to $47 billion annually” by connecting disconnected containers on the high seas, according to a press release released at the end of last year.
Sateliot’s burgeoning NTN-NB-IoT constellation is” characterised by its political and visible nature”, and is “designed to extend the coverage of smart operators]to] 100 percent of the planet”, it said. The company, founded in 2018, will deploy further satellites by 2025, and will have 100 in orbit by 2028, it said. It is “actively engaged” in series B discussions to raise €30 million, it has recently raised €25 million. It is targeting” SMEs, public administrations, and large enterprises in sectors … agriculture, livestock, logistics, and critical infrastructure”, it said.
In a statement it was said:”This launch propels us into a new phase of development. Not only will we begin generating revenue, but we will also position Spain as a global leader in IoT connectivity. It also represents the revolution of the 5G NB-IoT NTN standard to transform industries worldwide, regardless of location or infrastructure, connectivity black spots will become a thing of the past. The technology is revolution, incorporating improvements from previous satellites and being the first constellation to fully implement GSMA and 3GPP developments on satellites. ”
