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FOSSA Systems, a startup specializing in IoT and Space Technologies, has raised €6.3 million in funding to expand its IoT satellite constellation for remote asset management. The company has a proven track record in space technology and plans to create a direct-to-device communications network for customers. FOSSA has also partnered with Microsoft to provide IoT satellite connectivity for agriculture use cases and is rapidly growing its customer base in various industries. The company aims to fill the gap in the market for satellite communications in sectors such as agriculture, forestry, and resource management.