Myriota<\/b> will use Spire<\/b>\u2019s space services to deploy its satellite Internet of Things (IoT) constellation, the companies announced Wednesday. This is Spire\u2019s first large-scale, commercial IoT customer for its space-as-a-service offering. <\/p>\n
Through Spire\u2019s space-as-a-service, Spire\u2019s constellation will collect Myriota\u2019s data and Myriota will be able to access it without the cost of building, launching, and operating additional satellites. <\/p>\n
Spire recently went public through a special purpose acquisition (SPAC) merger, and this agreement is a direct impact of that deal. Last week, Spire announced AIS provider exactEarth<\/b> as its first acquisition after going public. exactEarth has a minority indirect ownership stake in Myriota, which Spire will now own through the acquisition. <\/p>\n
Myriota is an Australia-based company that offers low-cost satellite IoT for use cases like dam monitoring and water maintenance. It raised $19.3 million in a Series B funding round in April 2020. <\/p>\n
The company has a number of satellites in orbit, including satellites deployed on a Rocket Lab<\/b> mission in March of this year. The company had a previously announced partnership with Tyvak Nano-Satellite Systems<\/b> to build a number of satellites. <\/p>\n
Myriota said using Spire for its constellation will allow it to expand its network more quickly in more areas, and to improve latency using existing spacecraft. The company plans to deliver near real-time IoT connectivity by the end of 2022. <\/p>\n
\u201cWith high demand for the Myriota Network from our partners, who are rolling out products at an ever-accelerating rate, this agreement is a gamechanger for our business,\u201d said Dr. David Haley, CTO and co-founder of Myriota. \u201cBy leveraging Spire\u2019s constellation, Myriota will rapidly improve its services, and enter new markets such as Europe.\u201d <\/p>\n
Spire is counting on space service deals like this one to help scale the company and take revenue from $36 million in 2020 to an expected $1.2 billion in 2025. <\/p>\n
In an interview with Via Satellite<\/i> in May, CEO Peter Platzer said he sees Spire\u2019s four business areas \u2014 maritime, aviation, weather, and space services \u2014 growing at a similar rate. Platzer compared the space as a service business to Amazon renting its infrastructure through AWS. <\/p>\n
\u201cSpire runs one of the largest scale space data operations. We do 40,000 ground station contacts a month, we process five terabytes of data a day,\u201d Platzer said. We had to build a massive infrastructure. We know how hard it is, not just from a technology deployment perspective, but from a regulatory perspective. So why don\u2019t we rent our infrastructure out to other people, the same way as Amazon AWS rents out their infrastructure?\u201d <\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Myriota will use Spire\u2019s space services to deploy its satellite Internet of Things (IoT) constellation, the companies announced Wednesday. This is Spire\u2019s first large-scale, commercial IoT customer for its space-as-a-service offering. Through Spire\u2019s space-as-a-service, Spire\u2019s constellation will collect Myriota\u2019s data and Myriota will be able to access it without the cost of building, launching, and […]<\/p>\n","protected":false},"author":1,"featured_media":56616,"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-56615","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\/56615"}],"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=56615"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/56615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56616"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=56615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=56615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=56615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}