Myriota has announced its graduation from the Kingdom’s Communications, Space and Technology Commission (CST) Emerging Technologies Regulatory Sandbox program. The program is part of CST's mission to increase regulatory maturity, accelerate digital transformation, and support innovative solutions in collaboration with global and national entities.
In partnership with CST, the Saudi Telecom Company (STC), and system integrator Giza Systems, Myriota successfully deployed a cohort of connected smart water meters in remote locations on behalf of the Saudi Ministry of Environment, Water and Agriculture. The devices, which remain live in the field, are enabling remote monitoring of water meters that are in areas with limited or no cellular connectivity. Myriota joins an elite group of companies who have been successful in the program, including Microsoft, Siemens and Tata Communications.
The company’s cost effective, ultra low power network is designed specifically for the IoT industry, enabling applications such as logistics, utilities, and agriculture to securely monitor and collect critical sensor data everywhere it is needed. Myriota’s customers are already tracking, locating, and monitoring assets including water and fuel tanks, irrigation systems, heavy machinery, wind turbines, utility meters, and foot traffic in national parks.
“Demand for satellite-based communications networks is seeing an explosion globally, and we’re excited to be able to bring our service to Saudi Arabia,” said Ben Cade, CEO of Myriota. “Today’s news shows that Myriota remains at the forefront of delivering a low-cost, low-power global IoT service, one that enables valuable data insights for our most critical industries and resources. We’re excited to begin expanding our partner and customer-base across the Middle East, helping those innovators to tackle truly difficult problems.
In late December 2024, Myriota announced a US$32m funding round led by the Australian Federal government’s National Reconstruction Fund Corporation (NRFC) and venture capital partners Main Sequence with support from other investors including Inter Valley Ventures. The funding further enables Myriota in their mission to democratise satellite IoT access, delivering critical field-based monitoring solutions to a global market.
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