Mangata Networks Announces $33 Million Series A Raise Launching Innovative Satellite/Edge Computing Network

Jan 11, 2022•over 3 years ago

Amount Raised

$33 Million

Round Type

series a

PhoenixMobile

Description

Mangata Networks has closed a $33 million Series A round led by US-based venture capital firm Playground Global to continue its mission to transform the way the world interacts with information. This closing manifests the truly global nature of the organization with other major investors including Temasek which is headquartered in Singapore, ktsat from South Korea, Scottish Enterprise in the UK, Promus Ventures from its Orbital Ventures Fund, and Meta Venture Partners, also in the US.

Company Information

Company

Mangata Networks

Location

Phoenix, Arizona, United States

About

Mangata Networks was founded in February of 2020 and initially financed by Meta Venture Partners. It is a global organization, headquartered out of Phoenix, AZ with operations in Denver, Colorado in the US, Prestwick Scotland in the UK, Singapore in Southeast Asia and Seoul, South Korea in East Asia. Using a proprietary network of satellites and terrestrial systems, Mangata is connecting people, machines, and devices across the world. The name ‘Mangata’ is a Swedish word, referring to the path of light that the moon draws on water. The moon is a powerful, universal symbol and its light represents opportunity for all. The company’s mission is to build a bridge between connectivity and access, weaving in endless possibilities for businesses and communities to share, learn from each other, and prosper. Learn more by reaching out to more@mangatanetworks.com and visit us at: https://www.mangatanetworks.com/.

Funding Insights

Based on industry data

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