Hubble Network, a Seattle-based company dedicated to establishing a global satellite network that can connect any Bluetooth-enabled device, has successfully concluded its Series A funding round, securing $20 million.
This investment, led by Transpose Platform, provides the necessary capital to launch its initial series of satellites and onboard the first pilot customers. This significant achievement brings it closer to our ultimate goal of creating the world’s first machine-to-machine network, connecting over a billion devices.
The Internet of Things (IoT) holds immense potential to revolutionize industries, enhance efficiency, and improve our daily lives. However, the full potential of IoT has been hindered by existing terrestrial and satellite networks. Limited global accessibility remains a challenge, as current networks are restricted to specific regions and fail to adequately cover rural, agricultural, maritime, and emerging areas seamlessly.
Additionally, the high costs associated with deploying, connecting, and scaling IoT devices act as barriers, stifling innovation and impeding growth. Furthermore, prevailing solutions struggle to deliver the required power efficiency, necessitating complex deployment processes involving solar cells and large batteries.
Hubble Network is constructing the world’s first global network that is user-friendly, cost-effective, and battery-efficient. The technology operates through a simple software framework, enabling direct connectivity between any Bluetooth device and our satellite network. This groundbreaking approach allows existing devices to transmit data to the Hubble Network without the need for additional hardware modifications.
With nearly 5 billion Bluetooth-enabled devices sold each year, it has the potential to usher in a new era of connectivity, empowering businesses and individuals to unlock unprecedented possibilities in a truly interconnected world. From smart cities and industrial automation to healthcare and agriculture, the opportunities for innovation are limitless.
The company is actively collaborating with a diverse range of partners and customers across various industries and applications, including consumer, supply chain, infrastructure, agriculture, and oil and gas.
- Company press release
