Helios Wire Raises USD$4M in Financing
Summary
Helios Wire, a Vancouver, BC, Canada-based developer of satellite-based IoT systems, raised an additional USD$4m in financing.The company will use the funds for the development of its satellite-based IoT system with the launch of its first satellite planned for Christmas and two other satellites scheduled during the second half of 2018.Led by Scott Larson, CEO and Co-founder, Helios Wire is bringing satellite-enabled machine to machine (M2M) and Internet of Things connectivity to the mass market by using priority mobile satellite system (MSS) S-band spectrum to build a two-way global satellite-enabled system for ultra-low-cost short burst data services covering connected assets.The system is designed for both existing and emerging IoT and M2M applications, including the monitoring and controlling of both fixed and mobile assets in the transportation, consumer, logistics, security/public safety, energy, industrial/construction, agriculture, animal management, and other industries.FinSMEs 21/08/2017