The round was led by NGP Capital. Westly Group joined the round and existing investors Intel Capital, BMW i Ventures, Samsung Catalyst Fund, Next47, and others also participated. The company expanded its commercial coverage area with the addition of Brazil, Australia, and New Zealand plus additional regions, after having just introduced its service on major Tier-1 smartphones and partner carriers.

Skylo Technologies is a global Non-Terrestrial Network service provider based in Mountain View, CA, offering a service that allows smartphones and IoT cellular devices to connect directly over existing satellites. Devices connected over satellite are managed and served by Skylo's commercial NTN vRAN, featuring a 3GPP standards-based cloud-native base station and core. Skylo works with existing satellite operators, network operators, and device makers to provide subscribers an anywhere, anytime connectivity solution between terrestrial and satellite networks. Skylo's focus is on enabling connected services for people outdoors and connected workflows for machines at work across critical industries such as agriculture, maritime, logistics, mining, and others, in addition to mass-market consumer devices.