{"id":58369,"date":"2020-12-28T23:29:37","date_gmt":"2020-12-28T15:29:37","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/kymeta-receives-30m-investment-from-hanwha-systems\/"},"modified":"2020-12-28T23:29:37","modified_gmt":"2020-12-28T15:29:37","slug":"kymeta-receives-30m-investment-from-hanwha-systems","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/kymeta-receives-30m-investment-from-hanwha-systems\/","title":{"rendered":"Kymeta Receives $30M Investment from Hanwha Systems"},"content":{"rendered":"<\/p>\n<p><b>Hanwha Systems<\/b> (HSC), a South Korean defense technology company, has agreed to invest $30 million in <b>Kymeta Corporation<\/b>, the companies announced Dec. 28. After regulatory approval, Hanwha Systems will also receive a seat on the Kymeta board of directors.&nbsp;<\/p>\n<p>The companies said this investment will accelerate production and improve the reach of Kymeta\u2019s recently released u8 antenna and Kymeta Connect service. This investment comes after Kymeta closed an $85 million funding round in August led by Bill Gates.&nbsp;<\/p>\n<p>Hanwha Systems, which makes Multi-Functional-Radar (MFR) technology, is looking to gain a foothold in the Low-Earth Orbit (LEO) antenna market by supporting Kymeta\u2019s metamaterial-based antenna tech. Hanwha Systems also acquired the technology of satellite antenna company <b>Phasor Solutions<\/b> in June after the company filed for bankruptcy in the United Kingdom.&nbsp;<\/p>\n<p>\u201cThe objective of our investment in Kymeta is to enter the LEO satellite antenna market early on, and diversify our technology portfolio,\u201d said Youn Chul Kim, CEO of Hanwha Systems. \u201cWith the expertise of HSC\u2019s top-notch defense communication and radar technologies, we are joining hands with this promising U.S. satellite antenna company. All these efforts will further strengthen HSC\u2019s aerospace systems capabilities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hanwha Systems (HSC), a South Korean defense technology company, has agreed to invest $30 million in Kymeta Corporation, the companies announced Dec. 28. After regulatory approval, Hanwha Systems will also receive a seat on the Kymeta board of directors.&nbsp; The companies said this investment will accelerate production and improve the reach of Kymeta\u2019s recently released [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58370,"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-58369","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\/58369"}],"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=58369"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/58369\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/58370"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=58369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=58369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=58369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}