Swarm Raises 25M to build world's lowest-cost satellite network

Swarm Technologies, developer of the world's lowest-cost global communications network, reports it has closed its Series A financing round of $25M. The round was led by Craft Ventures and Sky Dayton, founder of EarthLink and Boingo, with participation from Social Capital, 4DX Ventures and NJF Capital. Swarm will use the capital to accelerate software and hardware integrations for customer deployments, to continue hiring world-class talent, and to deploy a constellation of 150 satellites over the next 18 months. More

(Source: Space Daily - Jan 26)