Seattle startup Hubble Network hits $1.6B valuation with $200M raise
Hubble Network, a Seattle-based company building a satellite network for Bluetooth devices, has secured $200 million in funding, pushing its valuation to $1.6 billion. The capital will support its goal of connecting billions of off-the-shelf devices directly to space without requiring specialized hardware.
Sources: msn.com
“This funding round underscores the growing investor appetite for infrastructure plays that bypass traditional cellular networks to enable global IoT connectivity.”
What it means
Hubble’s approach targets a gap in IoT connectivity, where cellular networks are often too costly or geographically limited for widespread device adoption. If successful, it could pressure established satellite and telecom providers to adapt. However, scaling such a network—especially for low-power Bluetooth devices—remains unproven at this stage. Competitors like Swarm Technologies and AST SpaceMobile will be watching closely.
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