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DateInvestorsAmountRound
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N/A

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$2.7m

Seed
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N/A

Series A

$1.2m

Grant

$25.0m

Series A

$25.0m

Series A

N/A

Acquisition
Total FundingCAD73.5m

Recent News about Swarm Technologies

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Swarm.space is a pioneering startup that offers global connectivity solutions using ultra-small satellites. The company focuses on providing affordable and reliable satellite connectivity for Internet of Things (IoT) devices. IoT devices are gadgets that connect to the internet to send and receive data, such as smart sensors, trackers, and meters. Swarm's unique selling point is its ability to offer low-cost, global data coverage, making it possible for IoT devices to operate anywhere on Earth.

Swarm serves a diverse range of clients, including businesses in agriculture, logistics, environmental monitoring, and remote infrastructure management. These clients require constant and reliable data transmission from their IoT devices, often in remote or underserved areas where traditional connectivity options are either unavailable or too expensive.

Operating in the satellite communications market, Swarm has carved out a niche by designing and building all its hardware, software, and communication protocols in-house. This vertical integration means Swarm controls the entire manufacturing process, ensuring high-quality service and devices. The company's satellites are uniquely small, measuring just 11 x 11 x 2.8 cm, which significantly reduces launch costs. These savings are then passed on to customers, making Swarm's services highly cost-effective.

Swarm's business model revolves around providing low-bandwidth satellite connectivity at a fixed rate of $5 per month per device. This subscription-based model ensures a steady revenue stream while offering clients a predictable and affordable pricing structure. The satellites orbit at altitudes between 450 and 550 kilometers, forming a constellation that provides full global coverage. This setup ensures that IoT devices can maintain connectivity regardless of their location.

In summary, Swarm.space is revolutionizing the IoT connectivity market with its low-cost, global satellite solutions. By leveraging small, cost-efficient satellites and a vertically integrated production process, Swarm offers unparalleled value to its clients.

Keywords: IoT connectivity, small satellites, global coverage, low-cost data, vertical integration, satellite constellation, remote monitoring, agriculture, logistics, environmental sensors.

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