Mar 03, 2025 | Posted by Abdul-Rahman Oladimeji
Direct-to-device satellite firm Skylo has secured $30 million in funding round led by NGP Capital, with participation from Westly Group and existing investors including Intel Capital, BMW i Ventures, Samsung Catalyst Fund, and Next47.
Parthsarathi Trivedi, CEO and co-founder of Skylo, said: “Skylo’s mission is to drive extreme accessibility of connectivity for cellular devices worldwide. Skylo is synonymous with anywhere connectivity for all, and this new funding allows us to enhance our market reach even farther and faster.”
Skylo has already launched its initial service across the US, Canada, and Europe in partnership with chipmakers Qualcomm, Samsung, MediaTek, and Sony, as well as device OEMs and mobile carriers such as Deutsche Telekom. The company has partnered with satellite operators, bringing the service onto fully licensed spectrum and existing satellite assets, meaning terrestrial mobile carriers can use the service without sacrificing their spectrum.
