Seattle-based Hubble Network has secured $200 million in a Series C funding round, pushing its total valuation to $1.6 billion. The investment round was led by Smith Point Capital, with participation from Seraphim, Carthona Capital, Earthshot Ventures, Y Combinator, and RPM Ventures. This latest influx of capital brings the startup's total funding to $300 million.
The company, founded by Life360 co-founder Alex Haro, aims to enable standard Bluetooth Low Energy devices to connect directly to satellites without requiring dedicated satellite modems or GPS hardware. By pushing a firmware update to existing Bluetooth chips, manufacturers can transmit sensor and location data via Hubble's satellite network, potentially reducing device costs and energy consumption.
Hubble currently operates six satellites in low Earth orbit and has announced plans to expand its constellation to 60 satellites by 2030. The company has already established partnerships with semiconductor manufacturer Texas Instruments and smart-label provider Reelables to integrate its technology into industrial and consumer hardware.
The startup's approach targets the Internet of Things market, specifically for equipment that operates outside of cellular coverage. By utilizing existing Bluetooth hardware, Hubble seeks to provide a more practical alternative to traditional satellite connectivity, which often requires specialized and expensive components.
