RBC Signals Raises $1.5 Million in Latest Venture Capital Round

POSTED ON March 29, 2017IN News

Kendall Russell, March 29, 2017

RBC Signals announced that it successfully raised $1.5 million in its most recent seed round. The venture capital-led round included investor participants from around the world, including the United States, Singapore, the Middle East and China, and will allow the company to expand its global network, coverage and capabilities.

RBC Signals’ business is driven by macro data-consumption trends requiring higher bandwidth, higher resolution, and on-demand immediacy. With its services, the company hopes to meet the requirements of today’s commercial satellite operators, which have shifted along with these dynamics. To do so, the company leverages the infrastructure and excess capacity of existing ground stations to provide real-time data delivery as well as data processing capabilities, with a core focus on providing low latency, cost effective services to the emerging class of new space commercial satellite operators.

The recently completed capital raise will expand the coverage and the real-time data processing capabilities of the RBC Signals ground station network. RBC’s global network currently includes more than 30 antennas in more than 20 locations.

satellitetoday.com

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