Satelles Closes Series C Financing Round; Iridium’s Matt Desch Quoted

Satelles Closes Series C Financing Round; Iridium's Matt Desch Quoted
Matt Desch

Satelles, a Reston, Va.-based satellite time and location services provider, has raised $26M in a round of Series C financing led by C5 Capital and will use the investment to advance product development and expand its partner network and sales and marketing initiatives.

Iridium Communications participated in the funding round, which brings Satelles’ total investment to $39 million, Satelles said Wednesday.

Satelles’ satellite time and location signal delivered through Iridium’s satellite constellation in low-Earth orbit works to provide assured positioning, navigation and timing in support of government and industry requirements. The company uses encryption for its STL broadcast service to prevent threat actors from spoofing or interfering with the STL signal.

“STL addresses a critical and growing need across many applications and industries, so Iridium’s investment in Satelles aligns with our strategic vision,” said Matt Desch, CEO of Iridium and a 2019 Wash100 Award recipient.

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