Hanwha Systems has agreed to provide $30m in funding for the satellite technology provider, whose existing investors include Liberty Global and Intelsat.
US-based satellite communication technology provider Kymeta has agreed a $30m investment from Hanwha Systems, a smart technology subsidiary of diversified conglomerate Hanwha.
Spun off by intellectual property-focused investment firm Intellectual Ventures in 2012, Kymeta provides flat-panel satellite antennas and terminals used for satellite communication, as well as a range of related software and services.
The funding will be used to extend the company’s market reach, speed up the development of its product offering and ramp up its manufacturing processes. Hanwha…
