nxgsat, a Belgian startup specializing in next-generation satellite technologies, has completed a crucial funding phase. The latest round attracted €1.2 million, led by PMV and imec.istart future fund, moving the company closer to its ambitious goals. By advancing product development and expanding its workforce, nxgsat aims to redefine satellite communications, especially where traditional networks are limited. This strategic investment is poised to accelerate the company’s growth potential.
Earlier attempts in satellite technology faced challenges in bridging satellite and terrestrial communication. Many startups struggled with integrating 5G standards into satellite modems, resulting in limited connectivity options. However, nxgsat’s consistent progress and backing by recognized industry leaders, such as PMV and imec, highlight confidence in their approach. Their focus on both interoperability and affordability is aimed at improving access to high-speed satellite communications globally.
How Will nxgsat Utilize the Funding?
The newly acquired funds will be allocated towards accelerating the development of nxgsat’s flagship project, a 5G satellite modem. This technology is designed to ensure seamless connectivity across different network types, including terrestrial and satellite networks. The company plans to enhance its technical and commercial teams to meet growing demands and venture into larger-scale programs.
What Sets nxgsat’s Technology Apart?
nxgsat is utilizing open standards like 3GPP, allowing users to switch effortlessly between multiple networks, such as land-based and satellite types like Low Earth Orbit (LEO) and Medium Earth Orbit (MEO). Their approach involves using standard hardware to maintain low costs while providing fast satellite internet access. This model caters to businesses that require reliable data transmission, including mobile operators and government agencies. This initiative addresses the limitations of traditional satellite modems, which usually operate within single network parameters.
CEO Alain Rolle stated, “This funding marks a pivotal step in our journey.”
He emphasized how the support from investors will enable nxgsat to engage in higher-scale endeavors, bolstering its technical team and facilitating its foundational goal of providing high-performance satellite connectivity.
nxgsat, established as a spin-out of Cactus Software in 2024, aims to substantially contribute to European digital connectivity. Its involvement with European space agencies and initiatives such as the European Union’s IRIS project reflects the startup’s ambition to play a pivotal role in satellite communications innovation.
Krist Vandenberk of imec.istart noted, “The team consists of seasoned experts…successfully adapted the latest 5G standards for satellites.”
This expertise gives nxgsat a unique advantage to lead in digital connectivity.
The journey nxgsat is embarking on reflects significant strides in satellite communications. With a clear vision and effective use of resources, their innovation in satellite technology could provide essential infrastructure, further enabling robust communication channels on a global scale.
