Satellite-IoT service provider Kineis, a startup with benefits, raises $110M; 25 satellites to launch in 2022

by Peter B. de Selding

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 . . .

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