Astrocast raises $9.2 million, grows target IoT constellation size to 80 satellites

Astrocast has raised an additional 9 million Swiss francs ($9.2 million) to help build and deploy a larger constellation of Internet of Things satellites than the Swiss startup previously envisioned. The Series A financing round announced Sept. 4 brings to 16.6 million Swiss francs what Astrocast has raised since forming in 2014. The company declined to name its investors, saying only that this round included a mix of old and new funders. Early stage venture capital firm Investiere and Airbus Ventures contributed to Astrocast’s seed funding. More

(Source: SpaceNews - Sep 5)