About Myriota
Myriota is a company based in Adelaide (Australia) founded in 2014 by David Haley and Alex Grant.. Myriota has raised $80.33 million across 6 funding rounds from investors including Boeing, Hostplus and Singtel Innov8. Myriota offers products and services including Myriota HyperPulse, Myriota UltraLite, Myriota FlexSense, Myriota Dev Kit, and Myriota Module. Myriota operates in a competitive market with competitors including Iridium Communications, Astrocast, Skylo, Ligado and Sateliot, among others.
- Headquarter Adelaide, Australia
- Founders David Haley, Alex Grant
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Sectors
Aerospace, Defense & MaritimeTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Myriota Pty. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80.33 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series C
Dec 19, 2024
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Investors
Boeing
& 12 more
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Employee Count
Employee Count
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Products & Services of Myriota
Myriota offers a comprehensive portfolio of products and services, including Myriota HyperPulse, Myriota UltraLite, Myriota FlexSense, Myriota Dev Kit, and Myriota Module. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers 5G NTN high-speed connectivity for IoT data transmission
Provides ultra-low-power connectivity for remote IoT deployments
Enables fast-track development for IoT sensor integration
Supports platform development for global IoT connectivity
Unlocks global IoT access for various remote applications
Unlock access to complete
Funding Insights of Myriota
Myriota has successfully raised a total of $80.33M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $50.0M
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First Round
First Round
(24 Nov 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series C - Myriota | Valuation | The National Reconstruction Fund Corporation | |
| Jun, 2024 | Amount | Grant - Myriota | Valuation |
investors |
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| Apr, 2020 | Amount | Series B - Myriota | Valuation | Hostplus , Main Sequence |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Myriota
Myriota has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Boeing, Hostplus and Singtel Innov8. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in deep tech founders.
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Founded Year | Domain | Location | |
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Venture capital investments are made in Australian technology companies.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Myriota
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Myriota
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myriota Comparisons
Competitors of Myriota
Myriota operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Iridium Communications, Astrocast, Skylo, Ligado and Sateliot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Satellite and telecommunication services are provided globally.
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| domain | founded_year | HQ Location |
Nano-satellites-based IoT and M2M connectivity solutions are provided globally.
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| domain | founded_year | HQ Location |
Provider of satellite connectivity for sensor data, SMS, and voice calls
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| domain | founded_year | HQ Location |
Operator of mobile network services using licensed spectrum and satellite technology
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| domain | founded_year | HQ Location |
A narrowband IoT network is operated via 5G satellite connectivity.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Myriota
Frequently Asked Questions about Myriota
When was Myriota founded?
Myriota was founded in 2014.
Where is Myriota located?
Myriota is headquartered in Adelaide, Australia. It is registered at Adelaide, South Australia, Australia.
Who is the current CEO of Myriota?
Ben Cade is the current CEO of Myriota.
Is Myriota a funded company?
Myriota is a funded company, having raised a total of $80.33M across 6 funding rounds to date. The company's 1st funding round was a Series B of $16.77M, raised on Nov 24, 2014.
What does Myriota do?
Myriota was founded in 2014 in Adelaide, Australia, as a provider of satellite-based connectivity for Internet of Things applications. Network infrastructure and devices are supplied to support remote monitoring and data transmission in industries such as agriculture, mining, and logistics. Hardware and software solutions are offered to facilitate low-power, long-range communications, ensuring secure data access in areas without traditional coverage. Operations focus on global IoT deployments with emphasis on reliability.
Who are the top competitors of Myriota?
Myriota's top competitors include Iridium Communications, Skylo and Ligado.
What products or services does Myriota offer?
Myriota offers Myriota HyperPulse, Myriota UltraLite, Myriota FlexSense, Myriota Dev Kit, and Myriota Module.
Who are Myriota's investors?
Myriota has 13 investors. Key investors include Boeing, Hostplus, Singtel Innov8, exactEarth, and National Reconstruction Fund Corporation.