Myriota has announced the latest additions to its constellation. The company has successfully onboarded an additional four new low-earth orbit (LEO) nanosatellites working in partnership with Spire, a leading global provider of space-based data, analytics, and space services. The satellites were launched on SpaceX's Transporter-12 mission on January 14th, bringing additional coverage and capacity to existing global services, while also unlocking new markets including; Mexico, Brazil, Chile, Argentina and across the Middle East.
Myriota will use Spire’s existing satellite platform and continue to scale the Myriota Network over the next 12 months, as part of its investment strategy to deliver a robust, low cost, low power IoT network. By leveraging Spire’s proven constellation in combination with its global operations platform and Myriota’s own satellite assets, the company expects to quickly and cost-effectively scale its IoT services to meet rising global demand.
The Myriota Network enables customers in industries such as logistics, utilities, and agriculture to securely monitor and collect data globally using its long-lasting and low-cost IoT sensors. Its customers are already tracking, locating, and monitoring assets including water tanks, vehicles, wind turbines, shipping containers, and equipment and tools.
“The global market for satellite-based communications networks is seeing an explosion in technical breakthroughs and network expansions,” said Ben Cade, CEO of Myriota. “We are excited to be at the forefront of that, with an ultra low power and highly secure IoT connectivity service that is already in widespread commercial use. Myriota is delivering high-value services to a range of vertical markets and use cases today, and our continued investment in growing our constellation and expanding the capability of our technology will see us serving even more customers and partners globally.”
In late December 2024, Myriota announced a US$32m funding round led by the National Reconstruction Fund Corporation (NRFC) and venture capital partners Main Sequence with support from other investors including Inter Valley Ventures.
The new funding will be used to accelerate the digitization of field-based industries globally to enhance IoT capabilities in regions such as the Middle East, where Myriota has recently completed the Kingdom of Saudi Arabia’s Communications, Space and Technology Commission (CST) Sandbox program. In close collaboration with CST, the Saudi Telecom Company (STC) and system integrator Giza Systems, Myriota successfully deployed a communications network for water metering in remote locations on behalf of the Saudi Ministry of Environment, Water and Agriculture.