November 1, 2016
News
SatixFy's News
Israel-China Catalyst Fund leads $25 mln investment in SatixFy
The Catalyst CEL Fund has led a US$25 million round in Israeli technology company SatixFy Ltd., a provider of satellite and quasi-satellite communication technology.
By designing its own silicon chips, SatixFy’s technology radically reduces the cost, size, weight and power consumption of user-terminals, and cost of air-time for satellite communications.
SatixFy targets multiple markets such as the Internet of Things (IoT), drone communications and and M2M (machine to machine) applications, which are at the forefront of satellite communications innovation today.
“SatixFy’s unique technological advantages position the company well for future business growth and expansion in satellite broadband communications,” said Shengyan Fan, Head of Merger and Acquisition Department at China Everbright Ltd. and managing partner of Catalyst CEL Fund.
The company says it will use the proceeds to fuel future product and new silicon design developments and market reach.
The Catalyst CEL Fund has led a US$25 million round in Israeli technology company SatixFy Ltd., a provider of satellite and quasi-satellite communication technology.
By designing its own silicon chips, SatixFy’s technology radically reduces the cost, size, weight and power consumption of user-terminals, and cost of air-time for satellite communications.
SatixFy targets multiple markets such as the Internet of Things (IoT), drone communications and and M2M (machine to machine) applications, which are at the forefront of satellite communications innovation today.
“SatixFy’s unique technological advantages position the company well for future business growth and expansion in satellite broadband communications,” said Shengyan Fan, Head of Merger and Acquisition Department at China Everbright Ltd. and managing partner of Catalyst CEL Fund.
The company says it will use the proceeds to fuel future product and new silicon design developments and market reach.