Geneva, 25 February 2021 – Boundary Holding announces its investment in Astrocast, a company based in Chavannes-près-Renens and specializing in nanosatellite technology. Astrocast currently operates the most robust end-to-end Nanosatellite IoT Network, and is the Swiss company with the most satellites in orbit as well as the leading satellite telecom operator in Switzerland.
The investment will support the expansion of the Astrocast nanosatellite constellation into a global, low latency, low-cost transmission IoT Network which will enable companies to manage, monitor and communicate with their IoT assets from anywhere in the world. It will also help Astrocast develop its operational capabilities in industries as varied as the maritime, environmental, mining and agricultural industries, as well as increase its brand visibility across multiple markets around the world.
Rajat Khare, founder of Boundary Holding, commented: “Boundary Holding has a vision of enabling a 4th industrial revolution by investing in autonomous vehicles, AI, IOT which will revolutionize industries and governments. Astrocast’s mission of connecting the world through a sustainable and state-of-the art network is one we are proud to support, even more so now that the company has gone commercial and has taken part in SpaceX’s ground-breaking first Small Sat rideshare mission. This investment is fully in line with Boundary Holding’s tech investment strategy worldwide and fits ideally in our portfolio of outstanding innovative companies working with pioneering technology”.
Astrocast recently participated in SpaceX’s first Small Sat Rideshare mission, launching 5 of the 143 satellites which accompanied the Falcon 9 rocket into orbit. Two more launches are planned by the end of 2021, which will bring the total number of its satellites in orbit to 20.
Fabien Jordan, CEO of Astrocast, stated: “Astrocast is delivering the first end-to-end Nanosatellite IoT Network. The combination of features like two-way communications, low-profile antennae, L-Band spectrum and propulsion makes this the most feature-rich and flexible network available today. This will allow customers to not only meet their IoT needs today but will open up business opportunities for them in the quickest and easiest way possible. We are very excited to have the support of Boundary Holding, whose vision of the next-generation of advanced technologies as a chance for the world to go farther and do more aligns with our mission of connecting and opening access to the world through IoT”.
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About Boundary Holding
Boundary Holding is a European investment firm investing in Artificial Intelligence companies that integrate revolutionary technologies with a focus on Autonomous Vehicles/Drones, Detection and Analytics, Clean Tech and Med Tech. Acting as a bridge investment company, Boundary Holding identifies investment opportunities across the globe, focusing on firms that have converted unconventional ideas into reality. Bridging the gab between seed investments and series A, the company’s funds are directed primarily to companies that invest in technology that is not just progressive but revolutionizing.
To find out more: https://www.boundaryholding.com/
Astrocast SA is the most advanced global Nanosatellite IoT Network to tackle challenges in industries such as Agriculture & Livestock, Oil, Gas & Mining, Maritime, Environmental, Connected Vehicles, and IoT Devices. The Astrocast Network enables companies to monitor, track, assess, and communicate with critical remote assets from anywhere in the world. In partnership with Airbus, CEA/LETI, the European Space Agency, and Thuraya, Astrocast developed Astronode S, a cutting-edge terminal featuring low-profile L-band antenna, ultra-low power consumption, and a small form factor. Founded in 2014 by a renowned team of experts, Astrocast designs, builds, and tests all of its products in-house, from the satellites to the terminals. The Astrocast Network will consist of 80 Low Earth Orbit (LEO) nanosatellites. Astrocast pilot customers include Actia, Marine Instruments and Wildlife Computers.
For more information: www.astrocast.com