Congratulations to Hubble Network on successfully closing its Series A funding round! SSIT portfolio company, Hubble Network, is aiming to create the first machine-to-machine network connecting over a billion devices.

The challenges faced by existing networks in the IoT space, such as limited global accessibility, high costs, and inefficient battery usage, have indeed hindered innovation. By addressing these barriers, Hubble Network is poised to reshape the future of connectivity. Hubble's software framework enables any Bluetooth device to seamlessly connect to your satellite network, this has the potential to revolutionise the IoT landscape.

Hubble Network plans to launch an initial batch of four satellites on SpaceX’s Transporter-10 ride share mission in January 2024, and onboard early pilot customers after. The startup is fully funded through this mission, Haro said, thanks to a $20 million Series A round that closed in March. That round was led by Transpose Platform, with additional participation from 11.2 Capital, Y Combinator, Yes.VC, Convective Capital, Seraphim Space, Type One Ventures, Soma, AVCF5, Space.VC, Jett McCandless, John Kim, Chris Nguyen, Alan Keating and Don Dodge.

The funding milestone will be instrumental in launching its first set of satellites by Q2 2024. This significant step will bring Hubble closer to actualising its vision and opening up a world of previously inaccessible use cases.