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The money will be used to market and develop its latest product, an antenna in the form of a flat panel that can be mounted onto moving vehicles, such as an ambulance or military truck, ensuring they can connect to satellites providing Internet and cell service on-the-go.
The company started beta testing this week and plans to officially launch the product later this year initially targeting the military, first responders and other commercial customers. Kymeta will eventually be able to provide its services to customers in a variety of industries, according to“having the continued support of bill gates will help us execute our vision even more rapidly and broadly—and with the benefit of experience, perspective and relationships of a leading and highly successful technology backer,” executive chairman doug hutcheson said in a statement.The fundraising round comes as major players get into the satellite business.
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