Friday, 24 March, 2023

Transcelestial raises $120M to scale its wireless data network technology

<p>Transcelestial, a Singapore-based wireless data network technology company, has raised $120M in a series B funding round led by SoftBank Group&#39;s Vision Fund 2. The company plans to use the funds to scale its wireless data network technology, which uses lasers to transmit data through space. The technology aims to help telecommunications providers improve internet connectivity in urban areas and reduce reliance on cables.</p>