Swarm Technologies develops tiny SpaceBEEs and a low-bandwidth, latency-tolerant network aimed at connecting embedded IoT devices anywhere in the world. Its product targets use cases that do not need high speeds or low latency, such as agricultural sensors, wilderness monitoring, and simple telemetry. The company emphasizes extremely low cost, low power consumption, and easy integration for customers. Swarm has already launched and tested seven satellites and says its satellite design is final. Management is focused on speed and cost reduction and plans to manufacture and deploy a 150-satellite constellation over the next 18 months. The company has faced regulatory scrutiny in the past, having defied the FCC and received a fine, but investor interest remains strong.

Total raised

$25M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2019