09 Mar 2018

Globes: Israeli nanosatellite co NSLComm raises $6.25m

NSLComm has developed nanosatellites capable of transmitting data at 1 gigabyte per second, over 100 times faster than the current technology available.

Israeli nanosatellite developer NSLComm has closed a Series B financing round of $6.25 million led by Jerusalem Venture Partners (JVP), Liberty, GF Hawk, OurCrowd and El Al’s Cockpit.

NSLComm plans to use the investment to launch its first satellite into space in November from India and also to develop and manufacture two new nanosatellites for future launches. The company also plans hiring three or four more people in the fields of business development and communications.

NSLComm has developed nanosatellites capable of transmitting data at 1 gigabyte per second, over 100 times faster than the current technology available on the market.

Based in Airport City where it has 19 employees, the company was founded in 2015 by CEO Dr. Raz Itzhaki-Tamir, chief engineer Daniel Rockberger and CTO Danny Spirtus.

Itzhaki-Tamir told “Globes,” “All of us have Internet at home and we receive a speed of 100 megabyte per second. We are used to the fact that every person at every moment in every place can send mails, make whatsapp calls and see clips on YouTube. These needs are taken for granted in industrialized cities in the west. But there are 3-4 billion people worldwide that are not connected and communications should be a basic right for everybody. All of civilization developed around channels of communication.”

Read more here: http://www.globes.co.il/en/article-israeli-nanosatellite-co-nslcomm-raises-625m-1001227056