• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • NEWS:
  • SatNews
  • SatMagazine
  • MilSatMagazine
  • SmallSat News
  • |     EVENTS:
  • SmallSat Symposium
  • Satellite Innovation
  • MilSat Symposium

SatNews

  • HOME
  • Magazines
  • Events
  • SmallSat Europe Insights
  • Industry Calendar
    • IN PERSON
    • VIRTUAL
  • Subscribe

Series A Round Relays Million$$ To Startup Mangata Networks

January 13, 2022

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, KSAT from South Korea, Scottish Enterprise in the UK, Promus Ventures from its Orbital Ventures Fund, and MetaVC Partners, also in the U.S.

Mangata represents a tremendous leap forward in telecommunications by innovating game-changing architecture, using HEO (Highly Elliptical Orbit) and MEO (Medium Earth Orbit) satellite constellations, combined with the power of a terrestrial system of MangataEdge™ micro data centers, extending the cloud to the edge of the network close to users. This single core network will provide scalable B2G and B2B connectivity, that is both affordable and accessible to anyone, anywhere on the planet.

Mangata is developing a patented architecture to connect micro data centers over satellite, hosting cloud service platforms with the capability to extend connectivity directly into localized 5G, IoT and Wi-Fi networks on a global basis. Initial community networks to be deployed as early as 2023, prior to launch of its initial satellites. This will allow customers to evaluate use-cases and conduct commercial trials before the start of service. Early in 2023 the company will be implementing multiple trial networks around the world to begin product testing and evaluation in advance of its first launch, starting with South Korea in Asia, the 5G Open Innovation Lab in Seattle, and the Scotland 5G Centre in the UK.

Mangata Networks will initiate service for the entire Northern Hemisphere starting in 2024 with its initial launch of 8 HEO satellites. Subsequent launches of 24 MEO satellites will provide complete global coverage and increased overall system capacity. This innovative architecture will dramatically decrease the capital expense required for this scale of global connectivity, while creating access to cloud technology, backhaul, IoT services, and 5G coverage to end-users around the globe – enabling for the first time the exchange of knowledge on a truly human scale.

“We are out to change the world and that requires visionary investors and partners. We are really thrilled to announce this collaboration today. These investors, whose intercontinental representation reflects our own global mission, are championing a new evolution in human connectivity. We believe we have a unique combination of coverage, technology, performance, and cost that no one else can provide to their customers,” said Brian Holz, the CEO of Mangata Networks.

“Somewhere in the world await the answers to some of our most pressing questions. Building a platform to connect with each other, and to share each other’s ideas, can dramatically transfigure the world we live in,” said Juliette Neu, Executive VP and CXO – Mangata Networks. “Our goal is to develop an organization that uses space and terrestrial systems to connect one another and draw out our unique potential, wherever we may be.”

“Mangata is founded by a dream team that substantially designed and implemented the O3b and OneWeb NGSO satellite constellations,” said Jory Bell, general partner at Playground Global. “The Mangata system represents a ‘goldilocks’ architecture that provides the best of GEO and LEO offerings with a highly configurable modern HEO / MEO constellation that can be incrementally built out while generating real revenue from day one of first deployment. We are thrilled to be able to lead an international team of investors to partner with Brian and his team as they build the world’s best integrated space-based communications and data network.”

Filed Under: Business Moves, Data Acquisition, Funding, HEO, MEO, Series A, Venture Capital

Primary Sidebar

Most Read Stories

  • Space Debris, and the EU’s Space Act
  • In celebration of Juneteenth
  • Wishing Everyone a Happy July 4th … Independence Day, U.S.A.
  • Eutelsat's efforts to obtain funding to save OneWeb
  • Forrester's Digest: Starlink active in Iran

About Satnews

  • Contacts
  • History

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020

Secondary Sidebar

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
x
Sign up Now (For Free)
Access daily or weekly satellite news updates covering all aspects of the commercial and military satellite industry.
Invalid email address
Notify Me Regarding ( At least one ):
We value your privacy and will not sell or share your email or other information with any other company. You may also unsubscribe at anytime.

Click Here to see our full privacy policy.
Thanks for subscribing!