Bill Gates has invested nearly $ 80 million in the developer of satellite dishes

News

Bill Gates has invested nearly $ 80 million in the developer of satellite dishes

27.08.2020 News

The American satellite company Kymeta announced the attraction of $ 85.2 million in the last round of financing. The round was led by Microsoft founder Bill Gates, who invested $ 78.5 million in the startup.

Kymeta develops and manufactures high-speed satellite systems and antennas. The main product of the company is a flat satellite antenna with electronic control. The startup creates small devices capable of receiving a signal from anywhere in the world. The latest development of Kymeta – terminal u8, able to communicate with different satellites – from ViaSat to much closer and small satellites such as Starlink by SpaceX, which are located in low Earth orbit. The device is planned to be released by the end of the year.

The startup has attracted funding as the company seeks to increase production and sales of its products. “After all, the problem our customers want to solve is a highly reliable broadband service,” said Kymeta CEO Doug Hutcheson.

Since its inception in 2012, Kymeta has raised about $ 300 million in total funding. Among its investors – company Lux Capital, Intelsat and Liberty Global. Kymeta now has about 200 employees. The company expects that their number will grow steadily next year.

Other articles

  • Amazon reported a 37% increase in revenue
    News

    Amazon reported a 37% increase in revenue

    Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]

  • The founder of Microsoft announced when the drug from COVID-19 will appear
    News

    The founder of Microsoft announced when the drug from COVID-19 will appear

    The coronavirus epidemic in the world will intensify by the end of this year due to the seasonality of the infection, but in early 2021 the situation will improve. This opinion was expressed by the head of Microsoft Bill Gates at the virtual conference GeekWire Summit. This was reported by Inc. “The good news is […]

  • Microsoft topped the ranking of the most responsible employers
    News

    Microsoft topped the ranking of the most responsible employers

    Created by Bill Gates, Microsoft third time topped the annual ranking of the 100 most responsible US corporations. This was announced by Forbes on Wednesday, October 14. Also in the top five of the updated list, in addition to Microsoft, included only technological giants – NVIDIA, Apple, Intel Alphabet. “Forbes compiled the rating together with […]

  • Microsoft is going to buy the game developer ZeniMax for $ 7.5 billion
    News

    Microsoft is going to buy the game developer ZeniMax for $ 7.5 billion

    The American information technology giant of Microsoft intends to buy the creator and developer of games ZeniMax Media for $ 7.5 billion. “On Monday, Microsoft announced plans to acquire ZeniMax Media, parent company for Bethesda Softworks, one of the world’s largest private developers and game publishers … Under the terms of the agreement, Microsoft will […]

  • IPO Snowflake has become the largest in the history of IPO software
    News

    IPO Snowflake has become the largest in the history of IPO software

    After a sensational debut Snowflake on the NYSE on Wednesday, shares of the cloud storage and processing company are expected to fall ahead of trading on Thursday. Shares of Snowflake fell to 4.3%. Snowflake brought 28 million shares to the public market to raise $ 3.36 billion during the largest software IPO in history. Shares […]

  • Microsoft will build two large data centers in New Zealand
    News

    Microsoft will build two large data centers in New Zealand

    The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]

  • Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft
    News

    Oracle becomes a №1 candidate of buying the TikTok after the company rejected for Microsoft

    Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance. Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the […]

  • Apple lost a day capitalization of $ 180 billion
    News

    Apple lost a day capitalization of $ 180 billion

    During trading on Thursday, Apple’s market of the capitalization fell by 8%, which means a loss of almost $ 180 billion. This is a record daily cost reduction for any company in the history of the American market. However, Apple’s capitalization still significantly exceeds of $ 2 trillion. Excluding 2020, the previous anti-record was set […]

Read also

Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Ukrainian banks have earned 30 billion hryvnias in six months

In the first half of the year, Ukrainian banks received UAH 30.077 billion in net profit (+ 26.4% compared to last year), according to the press service of the National Bank. Thus, banks’ revenues for the six months amounted to 124.134 billion hryvnias against 128.620 billion hryvnias a year earlier. The negative result from revaluation […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Chipotle shares fall rapidly after a scandal over substandard products

This week Chipotle (Chipotle Mexican Grill) closed another restaurant, this time in Boston, after a large number of students were poisoned by food. Questions of consumers about quality of products in Chipotle grow. Similar cases have been seen in other states, when people feel bad after a visit to Chipotle.  Food scandal confused the investors […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Shell cuts spending by $15 billion

Bad news for oil industry workers and suppliers: Royal Dutch Shell has joined the ranks of energy companies who are slashing their spending. Shell said it was scaling back its planned capital investment by $15 billion over the next three years. Oil is now trading around $45 per barrel, down from over $100 per barrel […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Wells Fargo Reported Worse-than-expected Losses and Reduced Dividend

Today Wells Fargo, the fourth-largest U.S. bank, reported record losses of $2.4 billion in the second quarter, which was even worse than the bank management and Wall Street analysts expected. For the three months by June 30, Wells Fargo’s loss was $0.66. This is $0.46 worse than analysts’ forecast of $0.20 loss per share. One […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Ukrhazvydobuvannia Tender won the company with hazy biography

It became aware the results of the tender of Ukrhazvydobuvannia by 13.3 billion UAH on the organization of drilling gas wells. The winner was a little-known company Pivnichhazresurs,the charter capital of which is only 74 thousand UAH, and the staff consists of two people. Also, it should be noted that on account of the above-mentioned […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

The Cabinet of Ministers denied the statement about toll roads

Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

The Ukrainian investment company Digital Future co-invested $ 13.1 million in the startup of YouAppi in the round

The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future,  Alexei Vitchenko, this  is the first transaction of the Ukrainian investment company  in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Uber is willing to sell the part of its stake in Didi for 6,3 billion

Taxi service Uber Technologies Inc. wants to sell the part of its stake in the Chinese taxi ordering service Didi Chuxing worth $ 6.3 billion, writes Bloomberg agency. According to sources, Uber is negotiating the sale of shares in Didi with Japanese company SoftBank Group, which is the major shareholder in both companies. “Although various […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

China plans to improve the quality of cooperation with Ukraine in the sphere of investments

China is a global player that sets its priorities for both the short and long terms. Ukraine is very interesting for China in the context of investment projects for the future. This is confirmed by a new investment proposal for Ukraine. Ukraine, along with 20 other countries, will be included in the posed by China Association […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

OPEC+ Countries Decided To Increase Oil Production

On July 15, OPEC + countries decided at a meeting to gradually increase oil production due to improved demand. “During a meeting of the ministerial monitoring committee, both co-chairs, Russian and Saudi energy ministers Alexander Novak and Prince Abdulaziz bin Salman, said that demand for oil was recovering and production could be increased, but the […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

A Federal Court instituted a criminal proceeding against a financial holding company Wilmington Trust Corp.

Federal Court of the United States filed a criminal charge to a large bank  Wilmington Trust Corp. Four former heads of Wilmington Trust Corp. – David Gibson, Robert VA Harrah, William North and Kevin Rakowski are accused of fraud. Professor of the Delaware University – Charles Elson said that it would be unusual criminal proceeding […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Starbucks has paid the biggest tax to the UK over the last 14 years

Starbucks reported its biggest profit of all time in the UK, and it can serve as a long-term completion of a tax dispute with the British government. After the company was involved in a major tax scandal in 2012, when it was accused of tax evasion, Starbucks paid UK a large sum of income tax […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Spotify, Match Group and Epic Games have united to fight due to the rules of the App Store

Spotify Technology SA, owner of the Tinder Match Group Inc., computer game developer Epic Games Inc and ten other companies have formed a coalition to put pressure on Apple Inc and other app store operators to change placement rules, according to The Wall Street Journal. In the statement from The Coalition for App Fairness, (“Coalition […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Shares of Intel fell after the report, as sales of chips for data centers were disappointing

Shares of Intel fell 2.6% in non-trading time after the American chipmaker announced its results for the first quarter and gave a forecast for the whole of 2021. The main figures of the Intel report Intel reported earnings per share decline in the first quarter of 4% (compared to the same value in 2020) to […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Shmygal announced an area for investment of 10 billion euros

The development of critical materials could attract billions of euros in investment in Ukraine, according to Prime Minister Denis Shmygal. He said this at a summit conference on the strategic partnership between Ukraine and the EU on critical raw materials and batteries. “Ukraine creates conditions for attracting investors. The current rules of access to subsoil […]

Next
Bill Gates has invested nearly $ 80 million in the developer of satellite dishes
News

Investors plan to reorganize the management of Volkswagen

In December, Volkswagen expects more changes. December 7, 2015 the company went to Qatar, where they had meeting with one of its main investors, Qatar Investment Authority. Volkswagen representative Eric Felber pointed out that the visit is devoted to restructuring and improving the management and the most important shareholders should express their opinion on this […]

Next