FOSSA Systems has made the international leap with the firm’s first opening outside Spain — a subsidiary dedicated to R&D that will serve customers from its new Portugal location.
A team of highly qualified professionals will work on the development of new technologies and applications that are related to the space industry, aeronautics, telecommunications and satellite connectivity as they are applied to IoT.
With this operation, which has marked the start of of the company’s international expansion, FOSSA aims to promote new business opportunities and establish academic collaborations with Portugal where the space sector is growing. The first international office of the aerospace will be coordinated from the company’s headquarters of Madrid.
Founded in July 2020 by Vicente González, with the aim of democratizing access to space, FOSSA continues to position itself as a pioneer with disruptive technology that addresses global connectivity services IoT.
In just three years, the company ranks well in an expanding market, which currently has 10 billion connected devices that will grow to more than $25 billion by 2025 and that, according to IoT Analytics forecasts, will reach $525 billion by 2027.
The aerospace startup group is currently comprised of a team of 25 professionals, which is expected to double by 2025. FOSSA was the European company that launched the most smallsats in 2022 and has, so far, launched 17 of the firm’s own, development satellites.
With a constellation of 80 satellites, the company hopes to connect millions of devices directly to its network, offering global and real-time LPWAN coverage direct to the device. FOSSA has verticalized the process of satellite manufacturing, space operations and ground-based services and launched 17 satellites into space since 2022.
“With this first delegation outside Spain we seek to increase our international presence and attend to new markets. We have worked with several Portuguese entities, and we see this new R&D&i center as a great opportunity to take advantage of the potential offered by Portugal,” said Julián Fernández, CEO and co-founder of FOSSA Systems.
“Portugal is emerging as a key player in the new space economy. The presence of FOSSA here means a new way for innovative local solutions in the field of advances in satellites and IoT,” said Roberto Carlos Medina, R&D Engineer at FOSSA Systems Portugal.