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Univity raises $31M for 5G satellite demonstrators

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Low Earth orbit (LEO) satellite operator Univity has announced the closing of a €27 million ($31.63m) Series-A funding round.

Key facts

Summary

The round saw investment groups Blast. The funds will be used to power its uniShape low Earth orbit (VLEO) 5G demonstrator, specialized for commercial telecom operators hoping to scale up from 2028. “We are delighted to continue supporting Univity, whose globally impactful innovations in VLEO and 5G NTN (non-terrestrial network) spectrum are critical to enabling telecom operators to remain competitive and independent in the space connectivity market,” said Stéphane Lefevre-Sauli, senior investment director at Bpifrance. UniShape will be developed with the support of the French space agency CNES (Centre national d'études spatiales), the first VLEO project that the agency has worked on.

Read full article at Datacenter Dynamics →

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