Totum Labs raises $13M to drive commercialization of its DMSS technology

2020-11-30 23:30

Satellite IoT connectivity company Totum Labs announced it has completed a $13 million Series A financing.

Totum is developing the revolutionary communication system and chip level technology required for simple, global, outdoor and indoor low-cost connectivity that will allow Low Power Wide Area connections to scale into the billions.

"Only Totum's DMSS technology can go head-to-head with the cellular industry for LPWA connectivity and provide a robust and cost-effective connectivity experience for a massive number of endpoint connections across a wide variety of industry use cases."

"We see Totum's deep communications expertise and DMSS technology as highly differentiated from other players who come to the market as a pure satellite industry orientation," said Tom Ingersoll, Managing Director of Space Capital.

"We are extremely impressed with Totum's core DMSS technology and the world class capabilities of the Totum technical team," said Johan Lassing, CEO of Qamcom.

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