Constellation Technologies & Operations funding news – Constellation Technologies & Operations Secures €9.3 Million in Funding

The funding will facilitate crucial end-to-end connectivity tests on the ground and in orbit, as well as detailed engineering studies for the first two satellites. Congratulations to the team on this significant milestone.

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The global market for high-speed, low-latency internet from space is rapidly growing. The alignment in performance and pricing between terrestrial and satellite connectivity is propelling this expansion, marking a significant milestone in the history of telecommunications.

According to a 2023 GSMA Intelligence report, telecom operators could access a substantial $35 billion annual revenue opportunity by 2035. Exciting times await in the realm of satellite connectivity.

Charles Delfieux, CEO and founder of Constellation Technologies & Operations, stated: “We are thrilled to have secured this funding, which will allow us to continue developing our constellation and help telecom operators unlock the enormous potential of space-based connectivity. Our mission is to bridge the digital divide and provide universal internet access, empowering telecom operators to serve customers even in the most remote areas.”

Constellation Technologies & Operations! The company has secured a €9.3 million seed round led by the Expansion fund, French Tech Seed fund, and its historical investor.

This funding will drive the achievement of key milestones, including end-to-end testing of its space-based internet services. With a team of approximately 30 employees split between offices in Saint-Quentin-en-Yvelines and Toulouse, France, Constellation Technologies & Operations is set to propel forward in the industry.

Their company has secured funding to support the detailed engineering studies of the first two complete satellites. These satellites are set for launch by the end of 2026. Following this, we aim to industrialize and mass-produce the satellites, user terminals, and the overall system. Stay tuned for the phased rollout of our space-based connectivity service.

Constellation Technologies & Operations is on track to have its infrastructure fully deployed by the end of the decade. This development will provide global coverage, allowing telecom operators to offer high-speed, low-latency internet access from space, similar to what they currently provide through terrestrial telecommunication networks.

Investor Charles Beigbeder, Co-Founder of Expansion, commented: “Constellation Technologies & Operations represents a unique opportunity to support disruptive innovation in space connectivity infrastructure. Their approach ensures that telecom operators can fully participate in this new market while addressing the environmental challenges facing the space sector.”

Claire Waché, Senior Investment Officer at Bpifrance, added: “We’re pleased to support Constellation Technologies & Operations, as its technological innovations around ultra-low orbit and the use of 5G spectrum are key to enable telecoms operators to enter and compete in the space connectivity market. This investment reflects Bpifrance’s mission to support disruptive innovation in strategic sectors”.

About Constellation Technologies & Operations

Constellation Technologies & Operations is revolutionizing the telecommunication industry with its disruptive constellation of satellites. Their mission? To provide high-speed, low-latency internet connectivity where terrestrial networks fall short. A sustainable and affordable solution for telecom operators and their clients.