TYSONS CORNER, VA, March 28, 2018 — Boeing’s (NYSE: BA) HorizonX Ventures division has invested in Myriota, an Adelaide, Australia-based internet of things startup, in a bid to help the former advance its direct-to-orbit platform designed to facilitate communications for IoT-connected devices in remote locations, ExecutiveBiz reported Tuesday.
The company said Monday HorizonX Ventures participated in the Series A funding round that raised $15 million for Myriota, joining other investors such as Blue Sky Venture Capital, Main Sequence Ventures, Right Click Capital and Singtel Innov8.
Myriota’s satellite communication platform is designed to enable two-way communications between land-based microtransmitters and low-Earth-orbit nanosatellites to allow data sharing through narrow bandwidths as well as support operations in the defense, logistics, maritime, utilities and agricultural sectors.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com