What is Myriota?
Myriota operates at the intersection of aerospace engineering and telecommunications, specializing in low-power, direct-to-satellite connectivity. By bypassing traditional terrestrial infrastructure, the company enables data transmission from remote and inaccessible locations, which is essential for industries such as agriculture, logistics, and environmental monitoring. Its market position is defined by its ability to offer a cost-effective alternative to legacy satellite systems, effectively lowering the barrier to entry for massive IoT deployments. As the demand for real-time data from the edge continues to surge, Myriota's unique technological stack provides a competitive moat, ensuring reliable, low-latency communication for enterprise clients worldwide.
How much funding has Myriota raised?
Myriota has raised a total of $84.3M across 3 funding rounds:
Series A
$15M
Series B
$19.3M
Other Financing Round
$50M
Series A (2018): $15M with participation from Singtel and Boeing
Series B (2020): $19.3M led by Malcolm Turnbull, Main Sequence Ventures, Hostplus, Singtel Innov8, and Boeing
Other Financing Round (2024): $50M supported by Main Sequence Ventures and NRFC
Key Investors in Myriota
Main Sequence Ventures
A venture capital firm focused on deeptech, collaborating with inventors who leverage their scientific expertise to create transformative industries.
NRFC
An Australian Government initiative providing finance to diversify and transform the national economy through investments in priority industrial sectors.
Boeing
A global aerospace leader that develops, manufactures, and services commercial airplanes, defense products, and advanced space systems.
What's next for Myriota?
With the infusion of this latest capital, Myriota is expected to focus on scaling its operational capacity and expanding its satellite constellation footprint. The strategic nature of this funding suggests a pivot toward deeper integration with enterprise-level industrial partners, potentially focusing on high-volume data applications and enhanced security protocols. As the company transitions into this next phase of maturity, the focus will likely shift toward optimizing its global network coverage and refining its hardware-as-a-service model to capture a larger share of the burgeoning industrial IoT market. Investors will be monitoring the company's ability to maintain its cost-leadership while scaling its infrastructure to meet the rigorous demands of global enterprise clients.
See full Myriota company page
