Kinéis raises 100 million euros and finances its constellation of nanosatellites dedicated to the Internet of Things (IoT)

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    Chipset

    Kinéis has reached its capital-raising target of 100 million euros. 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.

    Kinéis has completed an historic capital-raising campaign, established strategic commercial partnerships with Bouygues Telecom, Suez, the Wize Alliance and Arribada, and filled its order book. This new French global connectivity provider, which already has 8 operational satellites, has thus become the first IoT satellite connectivity player to finance its development, from the construction of its constellation to the launch of its 25 nanosatellites, scheduled for 2022, and the development of its ground segment.

    This young company is not only fulfilling its financial and industrial promises, but also its commercial and partnership commitments. Kinéis is getting ahead of the pack and taking its place in the NewSpace landscape.

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