It will begin operating from San Diego before the end of the year with telecoms and IoT device experts from both companies.
Sateliot, the satellite operator that will launch a constellation of nanosatellites to universalize the Internet of Things with 5G coverage, will enter the U.S. market before the end of this year thanks to EvoNexus – the accelerator sponsored by the microchip manufacturer Qualcomm and the operator Verizon.
After evaluating more than 414 companies from around the world, EvoNexus has recognized the technological and innovative potential in the fields of space and telecommunications of Sateliot and six other companies, which have been selected to develop 5G use cases together with strategic partners in their areas of expertise.
Thus, the support of this accelerator will allow Sateliot to grow in the United States from its headquarters in San Diego, in addition to working directly with experts in telecommunications and IoT devices from Qualcomm and Verizon, the world’s leading operator by turnover.
This mentoring, training and networking program will also boost the new round of financing that Sateliot is already preparing with an eye on American funds interested in its constellation of nanosatellites that will universalize the IoT with 5G coverage.
A boost to the technological and financial area
However, EvoNexus is not the only accelerator that has bet on Sateliot in recent months. The company has also participated in Seraphim’s Space Camp, the first fund in the space sector. This is a launching pad based in the United Kingdom, which in its last edition brought together seven start-ups in the space sector to boost their business and attract investment.
The company is also part of the Singapore Space & Technology (SSTL) startup accelerator program, which gives Sateliot visibility with investors and serves as a springboard for the development of its business in the Asian telecommunications industry.
According to Jaume Sanpera, CEO of Sateliot:
“Our entry into this type of project opens up new avenues for growth, financing and technological capacity, while at the same time connecting us with strategic stakeholders around the world that will be key to the evolution of our technology and our business plan”.
Sateliot is the first satellite telecommunications operator that will provide global and continuous connectivity to all the elements that will make up the Internet of Things (IoT) universe – such as the connected car or the connected home – under the 5G protocol. Thanks to a constellation of state-of-the-art nanosatellites, located at low altitude and acting as mobile towers from space, Sateliot is the perfect complement to large telecommunications companies by providing them with the necessary infrastructure to extend their coverage where terrestrial technologies do not reach.