Hubble Network raises $200 million to connect Bluetooth devices directly to satellites
The Seattle startup said the Series C values it at $1.6 billion as it opens its network to any Bluetooth device via a firmware update.
By Tech CEO Daily Staff, Newsroom
· 2 min read
The news
Hubble Network said on September 23 that it raised a $200 million Series C at a $1.6 billion valuation. Smith Point Capital led the round, with Seraphim, Carthona Capital, Earthshot Ventures, Y Combinator and RPM Ventures participating. The company said it has now raised $300 million in total.
Hubble’s idea is to let low-power Bluetooth chips, the kind found in tags and sensors, communicate directly with satellites, avoiding the need for cellular modems or specialized hardware. Alongside the funding, the company said its satellite network is now open to the public and that any Bluetooth device can connect via a firmware update.
The company operates six satellites in low Earth orbit and plans to reach 60 by 2030; it said the new money will fund that build-out. It pairs the satellites with a ground-based network of phones and gateways that pick up Bluetooth signals. GeekWire reported the business model relies on inexpensive chips and roughly $4 monthly subscriptions, aimed at tracking everyday items.
Hubble named Samsara, Muon Space, InPlay and Reelables as customers and cited a partnership with Texas Instruments. Founded in 2021 by CEO Alex Haro, a Life360 co-founder, and CTO Ben Wild, it has about 70 employees, according to GeekWire. The round follows a $70 million Series B a year earlier.
The numbers
- Series C
- $200M
- Lead investor
- Smith Point Capital
- Valuation (company-stated)
- $1.6B
- Total raised
- $300M
- Satellites in orbit / planned
- 6 now / 60 by 2030
Why CEOs should care
If Hubble’s approach works at scale, tracking pallets, containers, equipment and vehicles in remote areas could get much cheaper, because it uses standard, low-cost chips rather than satellite-specific hardware. Logistics, construction, agriculture and fleet operators should watch this as a potential new option for supply-chain visibility.
The caveat: six satellites is a thin constellation, and coverage and latency will depend on reaching the 60-satellite goal. Buyers should pilot before committing, and ask how often devices will actually connect and what happens if launch timelines slip.
The bigger picture
Investors are backing space companies that sell practical services to enterprises, not just launch capacity. Crunchbase counted Hubble among the ten largest U.S. rounds of the week, alongside cybersecurity and AI data deals.
Sources
- PrimaryHubble Network Opens Satellite Coverage to All Bluetooth Devices, Raises $200 Million Series C at $1.6 Billion Valuation— Business Wire (via FinancialContent)
- ReportHubble Network raises $200M to reach $1.6B valuation as startup expands satellite Bluetooth network— GeekWire
- ReportThe Week’s 10 Biggest Funding Rounds: Cybersecurity, AI And Health Take The Lead— Crunchbase News
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