Satellite IoT connectivity company Totum Labs has completed a $13m Series A financing. Heroic Ventures and Space Capital co-led the investment round with participation from existing investors, including Qualcomm Co-founder Andrew Viterbi and new strategic investor Qamcom.
The investment brings Totum’s total funding since launch to $15.5m and will enable the company to accelerate the deployment and commercialization of its low power sensor to the satellite network and connectivity.
The Series A funding builds on a number of exciting accomplishments for Totum, including the tape out of its DMSS 3990 Endpoint Device through Orca Systems, the issuance of 4 foundational patents, and strategic partnerships with Qamcom and others.
The DMSS 3990 is a highly integrated Low Power Sensor to Satellite (LP-S2S) System on a Chip (SOC) ASIC that includes a DMSS modem, RF functionality, baseband and application CPUs, and provides for efficient integrated power regulation (for multi-year battery life) in a small/low-cost package using the Global Foundries 22DFX process.
Qamcom is an EU-based expert provider of value-driven technology application solutions, products and services focused around sensors, signals and systems.
Totum is developing the revolutionary communication system and chip-level technology required for simple, global, outdoor and indoor low-cost connectivity that will allow Low Power Wide Area (LPWA) connections to scale into the billions.
Commenting on the development, Ted Myers, Founder and CEO of Totum Lab, said: “Others that have launched satellites are not on a technical path to scale to billions of connections and they will largely be limited to high value, low-volume endpoints historically associated with satellite connectivity. Only Totum’s DMSS technology can go head-to-head with the cellular industry for LPWA connectivity and provide a robust and cost-effective connectivity experience for a massive number of endpoint connections across a wide variety of industry use cases.”
“I’ve closely followed LPWA technologies for more than a decade, and I believe DMSS is the right answer for global connectivity on a massive scale,” said Qualcomm Co-founder Andrew Viterbi.
Matt Robinson, Founder and Managing Partner of Heroic Ventures noted: “Totum has a dominant waveform with an unparalleled link budget that positions the company to unlock the massive LPWA asset tracking and monitoring market. The Totum team has unmatched LPWA communications technical expertise and we are thrilled to support them.”
Tom Ingersoll, Managing Director of Space Capital remarked: “We see Totum’s deep communications expertise and DMSS technology as highly differentiated from other players who come to the market as a pure satellite industry orientation.”
Johan Lassing, CEO of Qamcom, added: “We are extremely impressed with Totum’s core DMSS technology and the world-class capabilities of the Totum technical team. We look forward to working with them closely as both a technical partner and solution provider to turn technology into value by bringing DMSS solutions to market.”