French startup Kinéis raises €100 million to launch its IoT nanosatellites constellation into orbit | EU-Startups
Summary
The funds will be used to fulfill its ambition to provide universal satellite connectivity, adding 25 nanosatellites and aiming to be in orbit by 2022. An emerging player in the new space sector, the company wants to lead innovation in global connectivity for the IoT domain. Kinéis has also established strategic commercial partnerships with Bouygues Telecom, Suez, the Wize Alliance and Arribada, and filled its order book. Alexandre Tisserant, who was appointed President of Kinéis at the same time, comments: “We are very proud to have reached this major milestone. The Kinéis satellites, weighing less than 30kg, will be equipped with an electric propulsion system that will secure end-of-life de-orbiting and enable collision-avoidance capabilities.
Funding
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