Rachel Jewett: SoftBank Makes Big Investment in Satellite IoT Startup Skylo

23/01/2020 - 07:09

Skylo has emerged from stealth mode with $116 million in total funding. The new Series B round raised $103 million, led by SoftBank Group and joined by all existing investors. The company had previously raised $13 million in a Series A round that was co-led by DCM and Innovation Endeavors, and joined by Moore Strategic Ventures.