Skylo Technologies raises $116 million from SoftBank

Date posted: Thursday 23 January 2020

San Mateo-based Skylo Technologies, the reported manufacturer of the world’s most affordable and ubiquitous network that connects any machine or sensor, announced that it got out of its stealth mode. The startup raised $13 million in its Series-A round of funding from DCM, Innovation Endeavors, and Moore Strategic Investors. Additionally, it also said that it raised $103 million in its Series-B round led by Softbank Group and existing investors. Skylo has offices in San Mateo, California, Bengaluru, and Tel Aviv in Israel, and is looking to grow the team globally to support its fast-growing customer base.

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