We’re hurtling towards a future where everything from cows to toasters will be internet-connected. But do we have the infrastructure to support this digital web?
An Australian startup wants its nano satellites to help form the backbone of the internet of things. Founded in 2015, Adelaide-based Fleet announced a A$5 million ($3.8 million) Series A funding round Tuesday, to help build its satellite constellation.
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CEO and cofounder Flavia Tata Nardini said the team realised early on that the estimated 75 billion devices due to come online by 2025 couldn’t do so without the right tools in place. “Our idea was to try and enable this revolution, because it’s really happening, it’s going to change the industry, but it’s not as simple as everyone says,” she explained. Read more…
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