Astrocast receives support from private investors from the IoT and cellular industry

Lausanne-based Astrocast announced key investments to strengthen the deployment of the most advanced and sustainable satellite IoT network. The support validates the market acceptance and the startup's strong path forward.

Astrocast was among the TOP 100 Swiss startups in 2018 and 2019 and a Venture Leader China in 2017. The startup now secured additional investments from notable private investors with experience in the IoT and cellular industries. Among them are the software expert in network performance management and co-founder of InfoVista (IPO Nasdaq) and André Jolivet, founder of Wavecom (IPO Nasdaq) and world-class hardware expert.

“This is a great validation of Astrocast’s development strategy, and we are very pleased with this strong support. Our seamless and consistent technological approach is paying off. The best way to ensure future success is by securing credible investments and showing strong market traction through a customer-focused technology and service,” said Fabien Jordan, Astrocast CEO.

The recent investments complement a strategic investment made by Marine Instruments, one of the largest bidirectional satellite IoT customers in the market today, and will help advance both the development of Astrocast’s L-Band low-power ASIC towards mass production and the deployment of their satellites.