The global market for IoT-focused satellite services, focused on end-device connectivity hardware and the annual connectivity fees charged, will grow to $5.9 billion in 2025, after taking off in the 2021-2022 period.
Custom MMIC has awarded scholarships to three more young women, the second year of the company’s Women in Engineering Scholarship program. The scholarships recognize young women who “personify academic excellence in the fields of math, science and engineering” and plan to pursue degrees in those fields.
Akash Systems announced it has raised $14.5 million in Series A funding, including $10 million in new equity and $4.5 million converted from prior notes. Akash plans to use the capital to scale its transmit/receive radio modules and power amplifier business, moving it closer to profitability.
Orbital Micro Systems (OMS) announced that it has partnered with Georgia Tech to develop MMIC devices using silicon-germanium semiconductor hybrid material for its next generation of commercial earth observation radiometry instruments.