exactEarth invests in Australian SIoT startup

exactEarth invests in Australian SIoT startup

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Australia: Satellite AIS data services provider exactEarth is investing AUD $2M in Australia-based technology startup Myriota. By utilizing advanced signal processing Intellectual Property developed at the University of South Australia (UniSA), Myriota develops advanced terminals, infrastructure and applications for the Satellite Internet of Things (SIoT) global market. The startup is particularly focused on the location tracking and sensor data applications markets. Myriota intends to use exactEarth’s global satellite infrastructure for its space segment.

Peter Mabson, exactEarth President, says “exactEarth has already demonstrated that microsatellite constellations can be used to develop a successful high growth advanced global data services business. Our investment in Myriota is well aligned with our strategy to enter the Satellite Internet of Things Market. Between exactEarth’s global satellite technology infrastructure and Myriota’s advanced IoT technology, we will be well positioned to take this new capability to the next level.”

Source: exactEarth