What's Happening?
Hubble Network, a Seattle-based venture, has raised $70 million in Series B funding to accelerate the deployment of a 60-satellite constellation. This constellation aims to connect up to a billion Bluetooth devices worldwide by 2028. The funding will help prove commercial traction and ease financing for the rest of the constellation. Hubble plans to use a mix of satellite buses from various manufacturers, focusing on its unique Bluetooth-to-satellite technology.
Why It's Important?
The development of a satellite-based Bluetooth network could revolutionize global connectivity, offering a new way to track and manage devices without relying on terrestrial infrastructure. This technology has the potential to enhance industries such as logistics, transportation, and consumer electronics. The successful deployment of the constellation could position Hubble Network as a leader in satellite communications.
What's Next?
Hubble Network plans to deploy two MuSat XL satellite buses in 2027, following the launch of smaller cubesats. The company aims to expand its customer base and demonstrate the scalability of its technology. Continued investment and partnerships will be crucial for achieving the goal of connecting a billion devices by 2028.
