Kinéis Raises 100 Million Euros, Finances Nanosat Internet of Things Constellation

SAINT-AGNES, France (Kineis PR) — Kinéis has reached its capital-raising target of 100 million euros [$110.6 million]. CLS, CNES, Bpifrance via the fund for Industrial Project Companies (SPI), financed by the ‘Investments for the Future’ Programme and the European Investment Bank, Ifremer, Thales, CELAD, BNP Paribas Développement, HEMERIA and other industrial and financial partners are investing in and supporting Kinéis’ ambition to provide universal satellite connectivity.

25 nanosatellites will be added to complement the service which has been provided by the Argos system to scientific and environmental communities for more than 40 years. Kinéis will also develop its activity in the new markets opened up by the IoT.

(more…)