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Hubble Network raises $200M Series C at $1.6B valuation to publicize Bluetooth-to-satellite network
Hubble Network raised $200 million in a Series C led by Smith Point Capital, valuing the five-year-old startup at $1.6 billion as it expands its Bluetooth-to-satellite service to the public. The company now has over 500,000 devices reporting from orbit, has grown headcount to 70+, and brings total funding to $300 million.
Hubble Network raises $200M Series C at $1.6B valuation as Bluetooth D2D satellite service goes commercial
Hubble Network raised $200 million in a Series C round led by Smith Point Capital, valuing the company at $1.6 billion and bringing its total venture funding to $300 million. The announcement coincides with the commercial launch of its direct-to-device Bluetooth satellite service and lists backers including Seraphim, Carthona Capital, Earthshot Ventures, Y Combinator, and RPM Ventures.
Hubble Network Raises $200M Series C at $1.6B Valuation to Enable Bluetooth Devices to Connect Directly to LEO Satellites
Hubble Network raised $200 million in a Series C at a $1.6 billion valuation and launched general availability of its satellite service that enables standard Bluetooth chips to connect directly to low Earth orbit satellites, lowering connectivity hardware costs below $0.50 from $10–$50.
