Photo: Vehicles equipped with the Kymeta u8 antenna. Photo: Kymeta

Kymeta has closed on additional equity funding of approximately $84 million, making Kymeta nearly fully funded. Bill Gates led the funding, with participation from Hanwha Systems and other investors. 

Bill Gates first invested in Kymeta in 2012, and South Korean defense company Hanwha Systems first invested in 2020. 

The satellite antenna company said this investment will be used to accelerate the production of its electronically-steered flat panel technology. Kymeta said it will be able to expand its manufacturing capacity to meet increasing customer demand and evolve the u8 product line in the Ku-band. Kymeta is also planning for a Ka-band product family as well. 

“Kymeta’s growth opportunities continue to multiply as we develop, deliver, and launch innovative products into the market to great success,” said Doug Hutcheson, co-CEO of Kymeta. “This is an exciting period for Investors as they see the growing enthusiasm for our products as we continue to hit our milestones and this strong financial backing is another testament to that.” 

Also this week, Kymeta announced that PathFinder Digital is providing Kymeta with engineering and fabrication for the ruggedization and production of Kymeta’s u8 MIL terminals built for military markets.