OQ Technology, a 5G-based satellite IOT operator, has closed a €13 million Series A funding round, which was led by Wa’ed Ventures, the venture capital arm of the Saudi oil and gas company Aramco. The Luxemburg-based startup’s constellation supports real-time data processing for IoT and Machine-to-Machine (M2M) applications in remote and rural areas. Cited applications …
The post Aramco backs satellite IOT operator raising €13 million Series A appeared first on Electronics Weekly. // Read more: original article.
