Tuesday, 11 April 2017 23:46

Aussie space start-up Fleet gets $5m boost for nanosatellite network Featured

By
Flavia Tata Nardini, Fleet Space Technologies Flavia Tata Nardini, Fleet Space Technologies

Australian space start-up Fleet has raised $5 million in a Series funding round as it prepares to build and launch a constellation of nanosatellites which it says will ultimately connect the world’s 75 billion devices by 2025 for free.

Developed in partnership with leading aerospace engineers, the Adelaide-founded company will launch the first of more than 100 planned satellites next year to create a global network that will be free to use by sensors and devices worldwide.

The funding — to be used to help build the business’ first nanosatellites and continue global expansion — was led by venture capital firm Blackbird Ventures, with co-investment from Atlassian’s Mike Cannon-Brookes, Earth Space Robotics, and Horizon Partners in Silicon Valley.

Founded in 2015 Fleet was initially backed by matched seed funding from the South Australian Government and company chief executive and co-founder, Flavia Tata Nardini — a space engineer who worked with the European Space Agency and Dutch research institute TNO — says the size of Fleet’s nanosatellites means they can be produced at a fraction of the cost of traditional satellites.

free
hit counter
"There is so much talk globally about the potential of connected devices, but little action being taken to make this chatter a reality,” Nardini says.

“We’re designing a technology infrastructure that will underpin the new industrial revolution. It will connect all corners of the globe to create a digital nervous system of devices.

“We chose to launch in Australia as our nation is home to many of the industries that need this type of technology the most. Farmers, environmentalists, mining and oil engineers, and logistics professionals will all greatly benefit from the data and opportunities a switched-on planet produces.

“Our goal is for industries to use this technology to make real, tangible efficiency improvements to the ways they operate and address issues; be it measuring the effect of climate change on outer corners the great barrier reef, or tracking important cargo like aid as it journeys across the Indian Ocean. This investment brings a global network of connectivity one step closer to reality.”

Investor Mike Cannon-Brookes, founder of Grok Ventures and co-founder of Atlassian, said, “They’re rare (nanosatellites), but every so often an idea cross your path that really gets the adrenaline pumping. Fleet answers one of modern society’s most difficult but important questions: how do we bring all the devices and technology we’ve created together to work as one?

“Once live, Fleet will solve an innumerable amount of the world’s problems as it enables the potential of technology to be turned on. Fleet is a prime example of Australian-led innovation at its best, and I can’t wait to help it influence the global economy for the better.”

According to Nardini, the fact that Australia is considered the 19th most innovative nation in the world isn’t good enough.

“The Australian Government has set out policies to foster innovation, but space isn’t part of that conversation — Australia is one of the largest economies in the world to not have its own space agency. Projects like this are crucial to our future as they test our creativity and ability to think big. If we’re not always asking what’s next, we’ll never really have a place in the innovation game,” she said.


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments