PARIS — Satellite narrowband IoT/M2M startup service provider Astrocast has reached its funding goal of a multi-part Series A round of $15 million or more with the latest tranche of 9 million Swiss francs ($9.2 million).
Switzerland-based Astrocast did not name the investors in the latest round, but said new and existing investors were involved.
Previous investors in the company include Airbus Ventures, which is providing a chip for Astrocast’s network; the Swiss Foundation for Technological Innovation (FIT); Investiere/Verve . . .
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