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Aerospace, Maritime and Defense Tech Series C Founded 2014

Myriota

Myriota operates a purpose-built satellite IoT network providing low-power, low-cost connectivity for remote and distributed IoT deployments anywhere on Earth. The company offers two network technologies: HyperPulse, the world's first commercial 5G Non-Terrestrial Network (NTN) engineered for IoT, delivering low latency and high IoT data rates with 3GPP standards compliance and dynamic pulse technology for…

📍 Adelaide, Australia · Space Tech,

Funding snapshot

Last roundSeries C
Amount$50M
Date19 December 2024
Total raised$80M
Team size75

About

Myriota operates a purpose-built satellite IoT network providing low-power, low-cost connectivity for remote and distributed IoT deployments anywhere on Earth. The company offers two network technologies: HyperPulse, the world's first commercial 5G Non-Terrestrial Network (NTN) engineered for IoT, delivering low latency and high IoT data rates with 3GPP standards compliance and dynamic pulse technology for fine-grained geographic control; and UltraLite, designed for long-term autonomous sensing applications with small data payloads, delivering ultra-low power consumption (10 years of field life on 2 AA batteries), disruptively affordable connectivity, and superior reliability and security. Myriota also manufactures edge hardware devices including AssetHawk, a rugged battery-powered asset tracker with 5G NTN connectivity and integrated Bluetooth sensor integration, and FlexSense, a remote sensing device for rapid IoT solution validation. The company provides a developer platform compatible with multiple sensor types, a device manager, and a partner ecosystem connecting device partners, distributors, and application providers. Myriota serves applications in asset tracking, tank monitoring, water monitoring, smart agriculture, government, and heavy equipment, with customers including Grundfos, Globalsat Group, and Taggle Systems. Founded in 2014 and headquartered in Adelaide, Australia, Myriota has raised approximately $80.3 million in a Series C round backed by Hostplus, Main Sequence, In-Q-Tel, Boeing, Singtel Innov8, Right Click Capital, the Australian Space Agency, CSIRO, exactEarth, the National Reconstruction Fund, IAG Firemark Ventures, and the University of South Australia.

Business model

Internet of Things Infrastructure > IoT Connectivity > Satellite,

Space Tech > Space Services > Communication > IoT Connectivity

Institutional investors

Hostplus Main Sequence In-Q-Tel Right Click Capital Singtel Innov8 Boeing SAVCF Australian Space Agency exactEarth Blue Sky Venture Partners National Reconstruction Fund InterValley Ventures Ridgeline University of South Australia Tulsafund

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