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Univity Raises $32M for Future Space-Based 5G Network
23 Apr
Summary
- Univity secured $32 million in Series A funding to launch two 5G demonstrators.
- The demonstrators will be deployed in very low Earth orbit next year.
- The company plans a constellation of at least 1,600 satellites for space-based 5G.
French venture Univity has successfully raised around $32 million in a Series A funding round. This capital infusion is earmarked for the deployment of two 5G demonstrators into very low Earth orbit (VLEO) next year. These prototypes are crucial stepping stones for Univity's larger objective: establishing a constellation of at least 1,600 satellites to provide space-based 5G coverage.
The company's VLEO technology is designed to facilitate seamless integration between terrestrial and space-based networks, supporting direct-to-device services. The two 350-kilogram prototypes will test critical technologies, including optical inter-satellite links and routing algorithms, paving the way for industrial production from 2028. Univity anticipates its satellites will offer a seven-year lifespan in orbit due to their aerodynamic design that minimizes drag.
This investment, co-led by Blast and Expansion, also saw participation from France's Deeptech 2030 fund and Bpifrance. The funding underscores a commitment to national and European sovereignty in connectivity. Univity has now secured a total of 68 million euros ($80 million) in financing to date, including equity, debt, subsidies, and contract revenues.
