Bill Gates has returned to lead an $85m round for satellite internet provider Kymeta, which has now raised more than $280m since it was set up to advance Duke University research.
Kymeta, a US-based satellite broadband provider exploiting foundational research from Duke University, secured $85m in a funding round led by entrepreneur Bill Gates yesterday.
The round also featured approximately $1m from members of Kymeta’s leadership team, including executive chairman Doug Hutcheson.
Founded in 2011, Kymeta has created an electronically steered flat-panel satellite antenna that facilitates broadband satellite connectivity in conjunction with cellular networks to ensure global coverage.
The technology is targeted at clients such as the military,…
