Hubble Network Raises $200 Million to Expand Global Bluetooth Connectivity

Seattle-based satellite startup Hubble Network has raised $200 million in a series C funding round, bringing its valuation to $1.6 billion.

The company is developing a 60-satellite constellation in low Earth orbit that will connect directly with devices equipped with Bluetooth chips.

Hubble Network’s system combines its satellite network with terrestrial infrastructure and is designed for applications including tracking packages, vehicles, pharmaceuticals and other assets. It estimates that its approach can use Bluetooth chips costing around $0.50 alongside a subscription of approximately $4 per month.

The company said its service is already available to customers, with connectivity expected to improve as additional satellites are deployed.

Smith Point Capital led the latest funding round, with participation from Seraphim Space, Carthona Capital and RPM Ventures.

The round brings Hubble Network’s total funding since its 2021 founding to $300 million.

Hubble Network co-founder and CEO Alex Haro said the technology is intended to provide continuous tracking from the warehouse through final delivery, while potentially reducing the cost of monitoring lower-value assets.

Hubble Network is working with Muon Space to build its satellites and has also partnered with pilot customers including software company Samsara.

Image credits: Hubble Network