French Kineis satellite IoT/M2M startup secures go-ahead funding

by Peter B. de Selding

PARIS — The French government-backed Kineis satellite IoT/M2M startup, which has struggled in the past 8 months to secure the needed $120 million in estimated capex, appears to have turned the corner with the adhesion of two large customer sets.

The two customers are French telco Bouygues Telecom’s Objenious by Bouygues program, part of the LoRa Alliance including on-board systems designer Stycker and IoT platform builder Wisebatt; and the WIZE Alliance including Suez, GRDF, Sagemcom and Accenture . . .

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