Myriota has raised $63.0M in total across 3 funding rounds.
Myriota's investors include 500 Global, Blackbird Ventures Australia, Main Sequence Ventures.
Myriota is a technology company that builds low-cost, low-power satellite IoT connectivity solutions designed to enable sensing and monitoring anywhere on Earth, especially in remote or infrastructure-poor regions. Its products serve industries such as agriculture, water management, logistics, mining, and government by solving the problem of reliable, scalable IoT data transmission without reliance on terrestrial networks. Myriota’s technology allows devices to communicate directly with nanosatellites, drastically reducing power consumption and infrastructure costs, supporting long battery life and global coverage. The company is experiencing strong growth, with a 300% annual increase in device deployments and expanding satellite constellations[1][2][4].
Founded in 2015 by experts including Dr. David Haley (CTO) and led by CEO Ben Cade, Myriota emerged from the vision to revolutionize IoT connectivity by overcoming the limitations of cellular and terrestrial networks. The founders brought deep expertise in wireless communications and satellite technology. Early traction came from partnerships with sensor developers and solution providers who needed reliable, secure, and affordable connectivity for remote sensing applications. The company has since grown its patent portfolio and global network, expanding its satellite constellation and product offerings[6][7].
Myriota rides the broader trend of global IoT expansion and satellite-enabled connectivity, addressing the critical market need for reliable data from remote or underserved areas. As IoT applications proliferate in agriculture, environmental monitoring, logistics, and heavy industry, terrestrial networks alone cannot provide ubiquitous coverage. Myriota’s timing is favorable due to advances in nanosatellite technology, growing demand for sustainable and autonomous sensing, and increasing adoption of 5G and non-terrestrial networks. Its solutions influence the ecosystem by enabling new IoT use cases previously impossible due to connectivity constraints[1][2][8].
Looking ahead, Myriota is poised to expand its satellite constellation and enhance network capabilities, particularly through its HyperPulse 5G NTN service optimized for IoT sensing. Trends such as digital agriculture, environmental sustainability, and smart infrastructure will drive demand for its technology. The company’s ecosystem-first approach and partnerships position it to scale rapidly and maintain leadership in satellite IoT connectivity. Myriota’s influence will likely grow as it helps unlock global IoT potential, connecting the 85% of the planet currently lacking reliable communication infrastructure[1][2][8].
In summary, Myriota is transforming IoT by providing secure, scalable, and ultra-low power satellite connectivity that enables sensing anywhere on Earth, overcoming traditional network limitations and opening new frontiers for data-driven decision-making across industries.
Myriota has raised $63.0M across 3 funding rounds. Most recently, it raised $31.0M Venture Round in December 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2024 | $31.0M Venture Round | 500 Global, Blackbird Ventures Australia, Main Sequence Ventures | |
| Apr 1, 2020 | $17.0M Series B | 500 Global, Blackbird Ventures Australia, Main Sequence Ventures | |
| Mar 1, 2018 | $15.0M Series A | 500 Global, Blackbird Ventures Australia, Main Sequence Ventures |
