Fossa’s Recent 6.3m Series A Round To Grow Its Iot Satellite Constellation

FOSSA Systems, a Madrid-based company, has raised €6.3M in funding to expand its IoT satellite constellation for remote asset management. The company has already launched 17 satellites and plans to build an 80-strong network to provide fast communication for global customers. The partnership with Microsoft Research aims to enhance the power and reach of satellite-based IoT for various industries.