French Startup Constellation Technologies Secures €9.3M to Revolutionize Global Internet with 5G Satellites
October 15, 2024This funding will enable Constellation to conduct end-to-end connectivity tests in orbit by 2025, with the first two prototypes expected to launch in late 2026.
Customers will pay their telecom providers for service, with revenue shared between Constellation and the telecom companies.
The startup aims to achieve global coverage by deploying its satellites, targeting performance rates of 150 Mbps downlink and 50 Mbps uplink with low latency.
Delfieux believes that the convergence of space and terrestrial connectivity can provide cost-effective solutions for universal internet access, particularly in underserved regions.
The startup's mission is to empower telecom operators to offer affordable and sustainable internet access from space, especially in areas lacking terrestrial networks.
Constellation is strategically collaborating with telecom operators to enhance their competitive edge against major players like SpaceX and Amazon's Kuiper.
As the market for satellite connectivity becomes increasingly competitive, new entrants like SpaceX's Starlink and Amazon's Kuiper are leading the charge with large satellite constellations.
On October 14, Constellation Technologies & Operations announced a significant funding round of €9.3 million to enhance internet access through satellite technology.
Founded in 2022 by Charles Delfieux, the French startup has attracted approximately $10 million from France's state-backed Expansion Ventures fund to deploy a constellation of 1,500 small 5G broadband satellites in very low Earth orbit.
Constellation differentiates itself by operating in Very Low Earth Orbit, which minimizes latency and helps reduce space debris and light pollution.
CEO Charles Delfieux emphasized the importance of bridging the digital divide to enable telecom operators to serve remote areas effectively.
The funding will also support engineering studies for the initial satellites, which are crucial for the startup's operational plans.
Summary based on 4 sources
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Sources
SpaceNews • Oct 13, 2024
French startup gets state-backed seed funds for VLEO broadband constellationTech.eu • Oct 14, 2024
Constellation Technologies & Operations secures €9.3M for satellite internet access