TAMPA, Fla. \u2014 Hubble Network has secured $70 million in Series B funding to help deploy a 60-satellite constellation capable of connecting up to a billion Bluetooth devices worldwide by 2028.<\/p>\n
The Seattle-based venture announced the funding Sept. 17, bringing its total raised to $100 million since it was founded in 2021.<\/p>\n
\u201cThe plan is to fund the constellation through a mix of equity investments from investors and customer revenue as we scale,\u201d Hubble cofounder and CEO Alex Haro told SpaceNews.<\/p>\n
\u201cWhat this raise really gives us is the runway to prove commercial traction at scale, which makes financing the rest of the constellation much easier.\u201d<\/p>\n
Hubble says it has more than 10 pilot customers, each with millions of devices that could use its business-focused Bluetooth tracking network. The service would function similarly to Apple\u2019s Find My and Google\u2019s Find My Device offerings, but without relying on terrestrial infrastructure.<\/p>\n
Last month, Hubble ordered two 500-kilogram MuSat XL satellite buses<\/a> from California\u2019s Muon Space for deployment in 2027. They would follow seven smaller cubesats launched to low Earth orbit from Spire Global, which Hubble says enabled the first Bluetooth connection directly to a satellite<\/a> last year.<\/p>\n \u201cWe design and build the payloads and antenna arrays ourselves, but the buses come from partners,\u201d said Haro, who also cofounded location-sharing app Life360, a Hubble partner.<\/p>\n \u201cOur constellation will be a mix of buses from Muon, Spire and other manufacturers,\u201d he continued.<\/p>\n \u201cThat flexibility lets us move quickly while staying focused on what makes Hubble unique, our Bluetooth-to-satellite technology.\u201d<\/p>\n Haro said Ryan Swagar of Swagar Capital led the Series B round and contributed the largest check. \u201cRyan and I go way back,\u201d Haro said, \u201che led Life360\u2019s Series A, and it\u2019s been great to have him in our corner again.\u201d<\/p>\n Other investors included Tom Gonser, founder of e-signature platform DocuSign; Mike Farley, cofounder of smart location company Tile; and Marc Weiser, managing director of early-stage investor RPM Ventures. Venture capital accelerator Y Combinator and Tuff Yen, founder of investment firm Seraph Group, also participated.<\/p>\n \n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"TAMPA, Fla. \u2014 Hubble Network has secured $70 million in Series B funding to help deploy a 60-satellite…\n","protected":false},"author":2,"featured_media":146697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[67560,90,1957,416,56,54,55],"class_list":{"0":"post-146696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-space","8":"tag-hubble-network","9":"tag-science","10":"tag-sn","11":"tag-space","12":"tag-uk","13":"tag-united-kingdom","14":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/146696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=146696"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/146696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/146697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=146696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=146696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=146696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}