# Satelles

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

- Industry: Telecoms
- Headquarters: Reston, US
- Website: www.satellesinc.com
- Total disclosed funding: $26M
- Latest round: Series C (Oct 9, 2019)
- Investors on record: 2

## About

Based in Virginia, US, and founded in 2013, Satelles, Inc., a.k.a. Satelles operates as a provider of satellite time and location services that help to accelerate the performance of global positioning systems and other navigation satellites. In March 2024, Iridium Communications, Inc. agreed to acquire an approximately 80% stake in Satelles, Inc. from Simon School Venture Fund and C5 Capital for around USD 115 million.

Satelles offers satellite time and location (STL) services, a secure alternative to GPS. The company’s STL provides precise positioning, navigation, and timing (PNT) that functions effectively indoors and in challenging environments. The firm’s STL applications include timing synchronization for 5G networks, data centers, and financial services.

## Funding rounds

- Series C, Oct 9, 2019, $26M — C5 Capital, Iridium Communications, Inc.

## Investors

- C5 Capital (https://capitalatlas.ai/funds/c5-capital) — Series C
- Iridium Communications, Inc. — Series C