Hanwha Systems was among the participants in the satellite communication technology developer’s latest round, having originally agreeing to invest $30m in late 2020.
US-based communication satellite builder Kymeta received $84m yesterday in a funding round led by private investor Bill Gates and backed by Hanwha Systems, the aerospace technology division of conglomerate Hanwha, and unnamed others.
Formed within intellectual property-oriented private equity group Intellectual Ventures in 2012, Kymeta is developing flat-panel satellite antennas designed for use in satellite-based communication channels including broadband connectivity and mobile networks.
The company will use the funding to improve its technology in addition to its low-Earth orbit and…
