FOSSA Systems, a startup based in Spain, has announced that it has raised around $10.5 million in funding. This financial boost is intended to support the expansion of its satellite connectivity constellation.
The investment round saw participation from a technology fund that is backed by the Spanish government, indicating a commitment to advancing the country's capabilities in satellite communications.
With this funding, FOSSA aims to enhance its satellite connectivity offerings, which could play a significant role in the growing demand for reliable communication solutions.