Helios Wire nets $5 mln to build satellite-enabled IoT service
Helios Wire, a Vancouver developer of a satellite-based Internet of Things (IoT) system, has secured about $5 million (US$4 million) in funding. The round's investors were not disclosed. Founded in 2016, Helios Wire is building a satellite-enabled monitoring and messaging service designed for market applications requiring low bandwidth and low service costs. Scott Larson, the startup's CEO and co-founder, said the goal is to ensure that "companies and organizations, regardless of size, are able to participate in the enabling technologies of IoT, particularly in the industrial sectors." The funds raised will support the launch of the first two satellites.
22 August 2017•3 mins read
