PARIS — France’s Kineis satellite-IoT project has secured 100 million euros ($110 million) in funding from private-sector and government investors led by parent company CLS and the French space agency, CNES, with 32% and 26% of the equity, respectively.
The French government, with Bpifrance at 20%, and the French maritime research institute, Ifremer, at 3.9%, will have 49.9% of Kineis including the CNES share.
Private-sector investors in addition to CLS, a satellite-tracking company . . .
To view the entire article, become a subscriber!