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Lynk Secures New Funding From Ubs’S Investment Bank To Integrate Ai-Driven Expert Access Into Its Clients’ Investment Research Process

Sep 01, 2021•over 4 years ago
Richmond

Description

Lynk, an AI-driven Knowledge-as-a-Service platform, today announced expansion of its previously announced Series B to include new funding from UBS’s Investment Bank business division. UBS’s investment brings Lynk’s total funding to date up to $35M, as the company plans to use the funds to expand its offerings and global reach.

Company Information

Company

Lynk

Location

Richmond, Virginia, United States

About

Falls Church, Va.-based Lynk provides satellite broadband connectivity from directly to customers’ existing standard mobile phones; even in the most isolated areas, with no need to purchase a new device. Lynk will use this investment to accelerate the company’s initial commercial service, planned for late 2022. Lynk will provide universal connectivity everywhere in Virginia, and the rest of the world, including the most rural areas. Lynk also provides instant backup in the event of a natural disaster, such as tornados, or hurricanes. In 2022, Lynk will provide the world’s first commercial satellite direct-to-mobile-phone service, enabling affordable, reliable mobile phone connectivity to everyone, everywhere across the globe. Today, Lynk is the only company in the world to have successfully sent text messages to and from space via unmodified mobile devices.