Singtel Innov8 backs Australian satellite startup Myriota's $15m Series A round

Singtel Innov8 backs Australian satellite startup Myriota's $15m Series A round

Photo: Myriota website

Singtel Innov8, the venture capital arm of Singaporean telecom firm Singtel, has participated in a $15-million Series A funding round for Australian satellite company Myriota, the startup has announced.

The round, which Myriota claims to be the largest to date for a tech startup using ‘Space 2.0 for IoT’, was led by Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital. It was also joined by Boeing Horizon X Ventures and Right Click Capital. The funding marks the first investment outside the US for the venture capital arm of Boeing.

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