Sateliot, the company launching the first constellation of low-earth orbit (LEO) nanosatellites providing 5G coverage for IoT, has secured €6 million in funding from Banco Santander.
Sateliot is launching the first LEO satellite constellation based on the 5G standard, allowing unmodified commercial cellular NB-IoT NTN devices to connect from space.
It is the first time in history that terrestrial cellular telecommunications seamlessly merge with satellite connectivity.