Swedenbased hiber 15m eqt ventures 20mtakahashiventurebeat

Hiber, a Swedish satellite and IoT connectivity provider, has raised $15 million in funding from Swedenbased hiber 15m eqt ventures 20mtakahashiventurebeat. The company plans to use the funds to expand its services and reach new markets.

The Company’s Background

Hiber was founded in 2016 with the aim of providing affordable and accessible satellite connectivity for IoT devices. The company’s low-cost, low-power satellite network allows devices to connect to the internet from anywhere in the world, making it ideal for remote locations and areas with poor terrestrial connectivity.

The Funding Round

The recent funding round was led by EQT Ventures, a European venture capital firm that focuses on technology-driven companies. 20MTakahashi, a Japanese venture capital firm, also participated in the round. The funds will be used to expand Hiber’s services and reach new markets, particularly in the agriculture, maritime, and logistics sectors.

The Future of Hiber

Hiber’s low-cost satellite network has the potential to revolutionize the IoT industry by providing affordable and accessible connectivity for devices in remote locations. The company’s expansion plans are ambitious, with a goal of connecting millions of devices around the world. Hiber’s CEO, Erik Wienk, stated that “We are excited to have EQT Ventures and 20MTakahashi on board as we continue to grow our business and expand our services. With their support, we can accelerate our mission to provide affordable and accessible satellite connectivity for IoT devices around the world.”

Conclusion

Hiber’s recent funding round is a significant milestone for the company, as it will allow them to expand their services and reach new markets. With the support of EQT Ventures and 20MTakahashi, Hiber has the potential to revolutionize the IoT industry and provide affordable and accessible connectivity for devices in remote locations.