Redmond Washington based Kymeta is raising $85,000,000.00 in New Equity Investment.
Redmond, WA – According to filings with the U.S. Securities and Exchange Commission, Kymeta is raising $85,000,000.00 in new funding. Sources indicate as part of senior management President and Chief Operating Officer, Walter Berger played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Kymeta
Kymeta is the leader in unlocking the potential of broadband satellite connectivity, combined with cellular networks, to satisfy the overwhelming demand for comms on the move and making mobile global. Kymetas satellite connectivity solutions offers unique, complete, and turnkey bundled solutions to the market based on best-in-class technologies and tailored customer-centric services that meet and exceed customer mission requirements. These solutions in tandem with the companys flat-panel satellite antenna, the first of its kind, and Kymeta services provide revolutionary mobile connectivity on satellite and hybrid satellite-cellular networks to customers around the world. Backed by U.S. and international patents and licenses, the Kymeta terminal addresses the need for low-power, low-cost and high-throughput communication systems that have no moving parts. Kymeta makes connecting easyfor any vehicle, vessel, aircraft, or fixed platform.
To learn more about Kymeta, visit http://www.kymetacorp.com/
Contact:
Walter Berger, President and Chief Operating Officer
425-896-3700
wberger@kymetacorp.com
https://www.linkedin.com/in/walter-z-berger-b7ba547/
SOURCE: http://www.intelligence360.io
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