hiSky Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
hiSky Ltd. - overview
Established
2015
Location
-, -, Israel
Primary Industry
Telecoms
About
Founded in 2015 by CEO Shahar Kravitz, Moti Litochevski, and Yaron Shachar, and based in Israel, hiSky Ltd. operates as a developer and provider of satellite communication networks and solutions. The firm also provides an IoT and hybrid network that cloud-based management platform for monitoring, alerting, and billing capabilities. In December 2021, hiSky Ltd.
raised USD 30 million in Series A funding led by new investor ST Engineering Ventures, with participation from another new investor Strategic Development Fund. Individuals and other unspecified investors also participated in the round. The company employs 45 people out of its headquarters in Israel, and 25 people in their UK offices. The company offers satellite agile IoT networks, enabling businesses, people, and machines to connect from any device, at any location.
The company provides satellite IoT and MSS networks with a cloud-based management platform that includes monitoring, alerting, and billing capabilities. The company's network comprises satellite terminals, hub base stations, a mobile application, IoT/M2M interface, and application servers. The network operates using GEO and LEO satellites. The company's product smartellite terminal uses bluetooth or WiFi to connect to the user’s smartphone and provides satellite communication.
The company plans to use the funds raised in Series A to support the build-up of its commercial and operational engines, research and development program, and further expand its innovative solutions across the satellite industry.
Current Investors
ST Engineering Ventures, Strategic Development Fund
Primary Industry
Telecoms
Sub Industries
Telecoms Providers & Services
Website
www.hiskysat.com
Verticals
IoT (Internet of Things), IoT (Internet of Things), Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.