en.Wedoany.com Reported - Spanish satellite IoT constellation operator Sateliot announced in April 2026 the launch of a Series C funding plan, targeting 100 million euros (approximately $117 million), expected to be completed in the summer of 2026. According to Space Intel Report, this funding round will be used to build and launch 16 second-generation satellites to demonstrate its satellite IoT services based on the 5G New Radio (5G NR) standard, including voice and video capabilities. As a company focused on low Earth orbit satellite IoT connectivity, Sateliot is accelerating constellation deployment through financing to enhance global IoT terminal access capabilities.

Sateliot's satellite IoT deployment began with the launch of its first demonstration satellite in 2021. In 2024, the company launched four satellites to form its first orbital plane, and its store-and-forward service has expanded to handle over 1 million IoT messages daily. In March 2026, Sateliot successfully launched its first 5G-compliant low Earth orbit satellite, "GroundBreaker," the first of its planned 250-satellite IoT constellation, which lifted off aboard a SpaceX Falcon 9 rocket from Vandenberg Space Force Base. Sateliot plans to deploy five more 15-kilogram spacecraft within 2026 to continuously strengthen its satellite IoT connectivity service capabilities based on the global 3GPP 5G standard.

The 16 second-generation satellites supported by this Series C funding are the Tritó model, each weighing 150 kilograms, and are scheduled for launch in 2027, aiming to achieve more efficient satellite IoT communication and broader global coverage. Initially, they will demonstrate minute-level service capabilities in specific regions, with the goal of achieving global real-time satellite IoT coverage by 2030. To support the construction and testing of the second-generation satellites, Sateliot has opened a European 5G Satellite R&D Center in Barcelona, equipped with a 100-square-meter clean room. The company plans to apply to international regulatory bodies for permission to deploy up to 500 satellites to expand its satellite IoT constellation. According to Sateliot, it has already signed approximately 270 million euros in recurring contracts, covering over 400 customers in more than 50 countries, aiming to achieve annual revenue of 1 billion euros by 2030 and promote the global commercialization of satellite IoT technology.

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