Boeing’s innovation investment arm, HorizonX, has invested in Isotropic Systems Ltd., a London-based satellite communications start-up.
By taking advantage of optical beam steering, Isotropic’s user terminals can simultaneously connect with several different satellites without increasing cost or complexity.
The company aims to use this capability to help enable low-cost, mass-market broadband connectivity for consumers and help companies meet growing demand for satellite data, mobility and broadband services even in the most remote places.
Boeing HorizonX Ventures led the $14 million (£10.8 million) Series A funding round with participation from WML, Space Angels and Space Capital.
“Isotropic’s solution allows for increased capabilities at reduced costs for satellite service providers,” said Brian Schettler, managing director of Boeing HorizonX Ventures. “This investment accelerates the expansion of space-based connectivity services to the mass market and continues Boeing’s leadership in space innovation.”
Isotropic was founded in 2013 by chief executive officer John Finney, a former founding member of O3b Networks.
“With Boeing, we aim to connect individuals and enterprises on a scale that has never been seen before,” said Finney. “That legacy of true global connection will define our generation.”
Isotropic is the second UK-based startup to join Boeing’s HorizonX portfolio, following Reaction Engines in April 2018.