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Venture Capital News: Totum Labs Closes $13M Series A

SAN DIEGO, CA, Totum Labs has completed a $13 million Series A financing co-led by Heroic Ventures and Space Capital.
Satellite IoT connectivity company Totum Labs has completed a $13 million Series A financing. Heroic Ventures and Space Capital co-led the investment round with participation from existing investors, including Qualcomm Co-founder Dr. Andrew Viterbi and new strategic investor Qamcom.

Totum Labs has invented and is commercializing Doppler Multichannel Spread Spectrum (DMSS) to enable tracking and monitoring of billions of assets. Totum Labs' network coverage leverages a constellation of Low Earth Orbit (LEO) nanosatellites and small, low cost modules with embedded antennas and battery life of 10+ years. The resulting connectivity enables the tracking of anything anywhere in the world - even indoors.
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