Swarm Technologies (acq. by SpaceX)

Swarm Technologies was founded in 2017 and is renowned for its slogan, "Swarm enables global connectivity with the world's most affordable satellite network." The company operates in the industries of IoT, Messaging and Telecommunications, Space, and Telecom, aiming to provide cutting-edge solutions in satellite-based connectivity. Notably, in October 2021, the company secured a significant Venture - Series Unknown investment. Despite the lack of specific details regarding the investors and the investment amount, this demonstrates confidence in Swarm's vision and potential within the space and telecommunications sectors. This strategic investment further positions Swarm Technologies as a significant player in the burgeoning market of satellite-based connectivity.