UNIVITY Raises €27M for Sovereign Space Connectivity
UNIVITY, a French startup, has raised €27 million in Series A funding to develop its 'sovereign' space infrastructure programme, an alternative to US-controlled satellite networks. The funding will help the company build a wholesale space infrastructure to enable traditional telecom operators to lease space-based capacity.
UNIVITY has secured €27 million in Series A funding to advance its sovereign space infrastructure programme. The round was led by Blast and Expansion, with significant contributions from the Deeptech 2030 fund managed by Bpifrance. UNIVITY is developing a wholesale space infrastructure, allowing telecom operators to lease space-based capacity to expand their 5G networks. The company's satellites operate in Very Low Earth Orbit (VLEO), delivering lower latency, smaller terminals, and improved sustainability. UNIVITY's technology aims to provide dependable connectivity in remote areas where traditional infrastructure is inadequate. The funding underscores Europe's growing urgency to maintain control over its communications infrastructure.
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