What is Hiber?
Headquartered in Amsterdam and Delft, Hiber—formerly known as Magnitude Space—is a pioneering force in the satellite industry. The company specializes in the development and operation of nano-satellite constellations designed to provide low-power, wide-area network connectivity. Since its inception, Hiber has achieved several industry milestones, including becoming the first commercial satellite operator in the Netherlands and receiving the prestigious Dutch National Icon Award in 2019. Its core technology, Hiberband, is engineered to bridge the digital divide by enabling seamless data transmission for industrial and environmental applications in areas where traditional terrestrial networks are unavailable or cost-prohibitive.
How much funding has Hiber raised?
Hiber has raised a total of $30.5M across 1 funding round:
Other Financing Round
$30.5M
Other Financing Round (2021): $30.5M with participation from European Investment Fund
Key Investors in Hiber
European Investment Fund
The European Investment Fund (EIF) is a specialized financial institution that facilitates access to finance for European SMEs and infrastructure projects, focusing on fostering innovation and sustainable economic development through debt and equity instruments.
Undisclosed Investor
Undisclosed investor participating in the funding round.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Hiber?
With the support of this major enterprise-level funding, Hiber is poised to shift its focus toward operational scaling and market penetration. The strategic roadmap likely involves the expansion of its satellite constellation to increase revisit rates and data throughput, thereby enhancing the value proposition for its enterprise clients. Furthermore, the company is expected to deepen its integration with cloud-based ecosystems, such as Amazon Web Services, to streamline data processing and analytics for its end-users. As Hiber continues to mature, the focus will remain on maintaining its technological edge in the competitive NewSpace landscape while navigating the complexities of global satellite deployment and regulatory compliance.
See full Hiber company page
