Australian satellite-IoT service provider Fleet Space doubles valuation to $230M with Series C, ramps satellite production

by Peter B. de Selding

PARIS — Australia’s satellite-IoT service provider Fleet Space Technologies, which in 2022 became the latest operator to reduce outsourcing and bring its satellite manufacturing in-house, has more than doubled its valuation with a $32.8-million Series C funding round.

The latest funding, of 50 million Australian dollars ($32.8 million), gave the company a valuation of more than 350 million Australian dollars, or $230 million.

Fleet said it would use the funds to raise its profile in North America and expand the use of . . .

To view the entire article, become a subscriber!

You may also like