Qamcom Research and Technology took part in a series A round set to accelerate low orbit satellite operator Totum Labs' deployment and commercialisation plans.
US-based satellite asset tracking service company Totum Labs closed a $13m series A round today backed by product development and specialist consultancy services provider Qamcom Research and Technology.
The round was co-led by Heroic Ventures and Space Capital with participation from Andrew Viterbi, co-founder of mobile chipset maker Qualcomm.
Founded in 2018, Totum has launched a group of low-earth orbit satellites that offer outdoor and indoor connectivity to monitor the movement of earth-bound assets such as marine freight.
The service is accessed through ground terminals billed as being cost and energy-efficient, meaning multiple units can be installed to provide wider coverage. Totum intends to utilise the series A capital to accelerate its deployment and commercialisation strategy.
