• Skip to main content
  • Skip to primary sidebar
  • Home
  • News
  • Featured
  • More News ⌄
    • SatNews
    • SatMagazine
    • MilSatMagazine
  • Events ⌄
    • MilSat Symposium
    • SmallSat Symposium
    • Satellite Innovation
  • Contacts
  • SUBSCRIPTION

SmallSat News

You are here: Home / News / Million$$ In Investment For Fleet Space Technologies

Million$$ In Investment For Fleet Space Technologies

November 17, 2021 by editorial

Fleet Space Technologies has secured $26.4 million in investment, valuing the company at $126 million — this represents a major step forward for the company, which is committed to creating the world’s most advanced low-power satellite network, securing planet-wide coverage for millions of compatible Internet of Things (IoT) devices by using its in-house smallsat technology. This funding will underpin significant expansion in Fleet Space’s manufacturing footprint and will expand the company’s highly skilled workforce.

Artistic rendition of Fleet Space’s Centauri 4 smallsat. Image is courtesy of the company.

The investment is a clear endorsement of Fleet Space’s vision. The Australian start-up, co-founded by Flavia Tata Nardini and Matt Pearson, has created the most advanced smallsat payload yet delivered to orbit. These smallsat devices generate ten times more throughput per kilo than larger spacecraft and will support radical new efficiencies for hundreds of industries using IoT. This will transform the ability of companies and institutions to manage and control their remote assets across the world and in real time, 24 hours a day, even in remote areas, where cellular connectivity is not available and where operations are critical.

The investment also represents a firm commitment to Australia’s rapidly emerging space industry, which the Federal Government plans to grow to a $12 billion, ranking the sector among the nation’s fastest growing industries. Its expansion in the region will also create 70 jobs, including many highly desirable science, technology, engineering and maths (STEM) positions in the first phase of growth.

The International Data Corporation predicts that there will be more than 14 billion connected, low-power devices by 2025. To unlock the full force of efficiencies that lie in the data collected by these devices, there must be a network through which this information is gathered and analyzed. Only with this information can improvements in products and the way they are used be truly realized.

Fleet Space technology provides this function to businesses big and small through a smallsat, satellite-based network. The existing network is made up of six smallsats that were launched to orbit via SpaceX, an Indian Space Research Organization (ISRO) rocket and two Rocket Lab launches.

Fleet Space’s latest Centauri 4 smallsat has been integrated with digital beamforming technology which uses an array of multiple antennas along with cutting edge Digital Signal Processing. This beamforming technology provides a substantial increase in throughput of customer IoT data and can service a higher number of customer portals at once. Integrating this digital beamforming into a nanosatellite which is not much bigger than a loaf of bread, is a world first. Beamforming can also dramatically improve data reliability and security by reducing the impact of interference.

These smallsats are combined with ground-based networks, affording industries a cost effective way to benefit from the information of their IoT enabled devices where cellular networks are unavailable..

Through a growing constellation of smallsats and proprietary network gateways which harness the LoRaWAN communication protocol, this technology will free organizations of billions of dollars of lost value by leveraging IoT. The $26.4 million investment will increase the size of Fleet Space’s constellation and meet unprecedented demand from more than three million compatible devices registered to join the Fleet Space network.

Filed Under: News

Primary Sidebar

WEEKLY NEWSLETTER

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019

© 2019–2025 SatNews

x
Sign Up Now!

Enjoy a free weekly newsletter with recent headlines from the global SmallSat industry.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing! You will now receive weekly SmallSat News updates.
We love our advertisers.
And you will too!

Please disable Ad Blocker to continue... We promise to keep it unobtrusive.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing! Please check your email for further instructions.