\tStart-up UbiquitiLink secured an additional $5.2 million in funding to drive its ambition of delivering mobile connectivity via satellites.<\/p>\n
The investment by Revolution\u2019s Rise of the Rest seed fund and Blazer Ventures brings UbiquityLink’s total to $12 million. The investors explained the start-up’s mission to provide cost-effective global connectivity was a key factor in their decision.<\/p>\n
UbiquitiLink is currently testing its plan to launch satellites capable of delivering services to regular mobile phones rather than specialised devices. The company plans to use the funds to develop commercial services with a series of five test flights planned.<\/p>\n
It follows a trial of a prototype satellite launched in February [1]. The company expects commercial deployment of the service in 2020.<\/p>\n
Charles Miller, co-founder and CEO, said its solutions to connect satellite to mobile phones anywhere on earth “solves a fundamental economic problem that limits coverage in remote areas\u201d.<\/p>\n
He noted there are \u201c88 million Americans who live in rural areas and lose coverage at the end of town\u201d and 2.5 billion people globally who don\u2019t have access to a mobile phone because of poor connectivity. \u201cIt is economically unaffordable to build cell towers on the ground in communities with low population densities,\u201d he added.<\/p>\n
Blazer Ventures, an early stage venture development company, is a founding investor in UbiquitiLink while Revolution\u2019s Rise of the Rest fund focuses directly on entrepreneurs in emerging start up ecosystems.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/ubiquitilink-sends-cell-tower-to-space\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Start-up UbiquitiLink secured an additional $5.2 million in funding to drive its ambition of delivering …<\/p>\n
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