What is the story about?
What's Happening?
Hubble Network has raised $70 million in Series B funding to accelerate the deployment of a 60-satellite constellation designed to connect up to a billion Bluetooth devices globally by 2028. The Seattle-based company plans to fund the constellation through equity investments and customer revenue. The satellites will enable Bluetooth connections directly from space, offering a service similar to Apple's Find My and Google's Find My Device, but without relying on terrestrial infrastructure.
Why It's Important?
The funding marks a significant step in expanding global connectivity and enhancing the capabilities of Bluetooth technology. By enabling direct satellite connections, Hubble Network aims to provide a more reliable and widespread tracking service, benefiting industries such as logistics, transportation, and consumer electronics. The development also highlights the growing role of private companies in advancing satellite technology and expanding the reach of communication networks.
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