{"id":56238,"date":"2021-12-09T00:52:33","date_gmt":"2021-12-08T16:52:33","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/st-engineering-invests-into-satellite-iot-company-hisky\/"},"modified":"2021-12-09T00:52:33","modified_gmt":"2021-12-08T16:52:33","slug":"st-engineering-invests-into-satellite-iot-company-hisky","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/st-engineering-invests-into-satellite-iot-company-hisky\/","title":{"rendered":"ST Engineering Invests into Satellite IoT Company hiSky"},"content":{"rendered":"<\/p>\n<p>Israeli satellite IoT company <strong>hiSky<\/strong> has completed a $30 million Series A financing round, led by <b>ST Engineering<\/b>\u2019s venture capital arm.&nbsp;hiSky announced the round on Wednesday, led by <strong>ST Engineering Ventures Pte Ltd<\/strong>, with participation from <b>SDF<\/b> (Strategic Development Fund), the investment arm of United Arab Emirates-based <b>Tawazun Holding<\/b>, and current shareholders.<\/p>\n<p>hiSky operates an IoT network with its Smartellite satellite terminals and a cloud-based network management system.&nbsp;<\/p>\n<p>With this investment, ST Engineering\u2019s satellite communications business, <b>ST Engineering iDirect<\/b>, will now jointly offer hiSky\u2019s IoT satellite terminals with its hub and network management solutions, said Low Ka Hoe, president of Satellite Communications at ST Engineering. The company said that hiSky\u2019s terminals are attractive to customers in industries such as maritime, logistics and utilities, and are future-proof for upcoming Low-Earth Orbit (LEO) developments.&nbsp;<\/p>\n<p>Both Low and Mohamed Al Mazrouei, director at SDF, will join hiSky\u2019s board of directors.<\/p>\n<p>\u201cST Engineering iDirect is an outstanding tech player with unparalleled sector expertise. With their backing, we will be able to expand our innovative solutions in the satellite industry,\u201d said Shahar Kravitz, CEO and co-founder of hiSky. \u201cHaving SDF, the investment arm of Tawazun Holding, onboard as a major player in the gulf, will allow us to rapidly expand in the region along with the growing demand for our products.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Israeli satellite IoT company hiSky has completed a $30 million Series A financing round, led by ST Engineering\u2019s venture capital arm.&nbsp;hiSky announced the round on Wednesday, led by ST Engineering Ventures Pte Ltd, with participation from SDF (Strategic Development Fund), the investment arm of United Arab Emirates-based Tawazun Holding, and current shareholders. hiSky operates an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56239,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-56238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56238"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=56238"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56239"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=56238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=56238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=56238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}