# hiSky

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hisky

- Industry: Telecoms
- Headquarters: Israel
- Website: www.hiskysat.com
- Total disclosed funding: $30M
- Latest round: Series A (Dec 8, 2021)
- Investors on record: 2

## About

Founded in 2015 by CEO Shahar Kravitz, Moti Litochevski, and Yaron Shachar, and based in Israel, hiSky Ltd. operates as a developer and provider of satellite communication networks and solutions. The firm also provides an IoT and hybrid network that cloud-based management platform for monitoring, alerting, and billing capabilities. In December 2021, hiSky Ltd. raised USD 30 million in Series A funding led by new investor ST Engineering Ventures, with participation from another new investor Strategic Development Fund. Individuals and other unspecified investors also participated in the round. The company employs 45 people out of its headquarters in Israel, and 25 people in their UK offices.

The company offers satellite agile IoT networks, enabling businesses, people, and machines to connect from any device, at any location. The company provides satellite IoT and MSS networks with a cloud-based management platform that includes monitoring, alerting, and billing capabilities. The company's network comprises satellite terminals, hub base stations, a mobile application, IoT/M2M interface, and application servers. The network operates using GEO and LEO satellites. The company's product smartellite terminal uses bluetooth or WiFi to connect to the user’s smartphone and provides satellite communication.

The company plans to use the funds raised in Series A to support the build-up of its commercial and operational engines, research and development program, and further expand its innovative solutions across the satellite industry.

## Funding rounds

- Series A, Dec 8, 2021, $30M — ST Engineering Ventures, Strategic Development Fund

## Investors

- ST Engineering Ventures (https://capitalatlas.ai/funds/st-engineering-ventures) — Series A
- Strategic Development Fund (https://capitalatlas.ai/funds/strategic-development-fund) — Series A