Kymeta Closes $50 Million Series C Financing

Insights

Kymeta Closes $50 Million Series C Financing

July 19, 2013

Kymeta Corporation, which spun out of Intellectual Ventures in August 2012, announced last week that it successfully closed a $50 million Series C financing round. Already backed by investors such as Bill Gates, Lux Capital, and Liberty Global, the financing group was joined by Osage University Partners and The Kresge Foundation. 

This arrangement will accelerate Kymeta’s growth plans to develop its metamaterials-based antenna technology. The continued interest behind Kymeta is driven by its unique capability for new opportunities in the satellite industry to provide new broadband mobile services and highly-flexible portable and fixed services to a wide range of applications.

Also in 2013, Kymeta has been named to CNBC’s Top 50 Disruptive Companies list and MIT’s 50 Most Disruptive Companies list. The technology was invented by IV inventors and was developed at IV Lab.

Join us in celebrating their continued success!

For more information, here’s a list of recent news coverage following the announcement:

More Buzz From IV

IV’s Global Good Fund: A Legacy of Impact Invention

Building on a decade of success, IV is pleased to announce that Global Good projects have transitioned to the Bill & Melinda Gates Foundation and Gates Ventures.

Read More
Bloomberg Businessweek’s “Hello World” Meets Nathan Myhrvold

Nathan Myhrvold is the subject of the latest "Hello World" episode.

Read More
We use cookies on this website to enhance your browser experience and to analyze your traffic. To learn more about cookies and how we use them view our cookie policy. By continuing to use our website you consent to the use of cookies.