About Satelles
Satelles is a company based in Reston (United States) founded in 2008 was acquired by Iridium Communications in March 2024.. Satelles has raised $29.63 million across 5 funding rounds from investors including Iridium Communications, European Union and C5 Capital. Satelles offers products and services including Iridium STL. Satelles operates in a competitive market with competitors including NextNav, Humatics, Xona Space Systems, Topcon Positioning and Advanced Navigation, among others.
- Headquarter Reston, United States
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Sectors
Aerospace, Defense & MaritimeTechnology Industrial Goods & Manufacturing
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Phone
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Website
*********
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Social
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- Legal Name Satelles Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$29.63 M (USD)
in 5 rounds
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Latest Funding Round
$80.89 K (USD), Grant
Sep 30, 2021
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Investors
Iridium Communications
& 4 more
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Employee Count
Employee Count
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Acquired by
Iridium Communications
(Mar 04, 2024)
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Products & Services of Satelles
Satelles offers a comprehensive portfolio of products and services, including Iridium STL. 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.
Provides secure alternative to GPS for precise timing and location in various environments
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Funding Insights of Satelles
Satelles has successfully raised a total of $29.63M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $80.89 thousand completed in September 2021. 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 5
- Last Round Grant — $80,887
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First Round
First Round
(16 Mar 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Grant - Satelles | Valuation |
investors |
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| Oct, 2019 | Amount | Series C - Satelles | Valuation | C5 Capital | |
| Dec, 2016 | Amount | Series A - Satelles | Valuation |
investors |
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| 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 Satelles
Satelles has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Iridium Communications, European Union and C5 Capital. 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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Tech-focused VC firm investing in Europe, the Middle East & Africa
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Cranberry Capital is focused on sustainable investment ventures.
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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 Satelles
| 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 - Satelles
| 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 |
Satelles Comparisons
Competitors of Satelles
Satelles 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 NextNav, Humatics, Xona Space Systems, Topcon Positioning and Advanced Navigation, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Indoor positioning solutions for enterprises are provided.
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| domain | founded_year | HQ Location |
Control systems for collaborative robots in human environments are developed.
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| domain | founded_year | HQ Location |
Real-time positioning and navigation services via LEO satellites are delivered.
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| domain | founded_year | HQ Location |
Provides precision positioning systems for infrastructure and farming sectors.
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| domain | founded_year | HQ Location |
Developer of AI and cloud-based inertial sensor systems for navigation
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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 Satelles
Frequently Asked Questions about Satelles
When was Satelles founded?
Satelles was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Satelles located?
Satelles is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
Is Satelles a funded company?
Satelles is a funded company, having raised a total of $29.63M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.29M, raised on Mar 16, 2009.
What does Satelles do?
Satelles was founded in 2008 and is headquartered in Reston, United States. Satellite-based time and location technologies are offered as alternatives to GPS and GNSS systems. Positioning, navigation, and timing functions are enabled through STL technology. Applications span IoT, critical infrastructure, and cybersecurity sectors. Services are extended to government, financial, communication, and energy industries.
Who are the top competitors of Satelles?
Satelles's top competitors include NextNav, Xona Space Systems and Humatics.
What products or services does Satelles offer?
Satelles offers Iridium STL.
Who are Satelles's investors?
Satelles has 5 investors. Key investors include Iridium Communications, European Union, C5 Capital, Simon School Venture Capital Fund, and Cranberry Capital.
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