Univity, a French startup, has announced the completion of a $32 million Series A funding round aimed at deploying 5G demonstrators in very low Earth orbit (VLEO).
The company plans to launch these demonstrators next year, which are intended to pave the way for a larger initiative involving at least 1,600 satellites.
This ambitious project seeks to enhance global 5G coverage, potentially benefiting telecom operators by extending their reach from space.