Mangata Networks Raises $33M in Series A Funding

Mangata Networks has raised $33 million in a Series A round headed by Playground Global, a venture capital firm located in the United States. Mangata is working on a unique architecture to link micro data centers by satellite, hosting cloud service platforms with the capacity to extend global connection directly into localized 5G, IoT, and Wi-Fi networks.

By combining the power of a terrestrial system of MangataEdge micro data centers with the power of HEO (highly elliptical orbit) and MEO (medium earth orbit) satellite constellations, Mangata Networks would represent a tremendous leap forward in telecommunications, extending the cloud to the edge of the network close to users. This single core network would give scalable B2G and B2B connection to everyone, wherever on the earth, at an affordable pricing.

Photo Juliette Neu, Co-Founder, Executive Vice President and CXO at Mangata Networks
“Our goal is to develop an organization that uses space and terrestrial systems to connect one another and draw out our unique potential, wherever we may be,” said Juliette Neu, Co-Founder, Executive Vice President and CXO at Mangata Networks.

“We are out to change the world and that requires visionary investors and partners. We are really thrilled to announce this collaboration today,” said Brian Holz, Chief Executive Officer (CEO) at Mangata Networks. “These investors, whose intercontinental representation reflects our own global mission, are championing a new evolution in human connectivity. We believe we have a unique combination of coverage, technology, performance, and cost that no one else can provide to their customers.”

With additional key investors such as Temasek in Singapore, ktsat in South Korea, Scottish Enterprise in the United Kingdom, Promus Ventures from its Orbital Ventures Fund, and MetaVC Partners in the United States, this closure would exemplify Mangata Networks’ truly global character.

Deployment of Satellites

With the deployment of eight HEO satellites in 2024, Mangata Networks anticipates coverage to the whole Northern Hemisphere. Following the deployment of 24 MEO satellites, the system would have comprehensive worldwide network coverage and enhanced total capacity.

This innovative architecture would significantly reduce the capital investment required for this scale of global connectivity, while also providing end-users around the world with access to cloud technology, backhaul, IoT services, and 5G coverage.

“Somewhere in the world await the answers to some of our most pressing questions. Building a platform to connect with each other, and to share each other’s ideas, can dramatically transfigure the world we live in,” said Juliette Neu, Co-Founder, Executive Vice President and CXO at Mangata Networks. “Our goal is to develop an organization that uses space and terrestrial systems to connect one another and draw out our unique potential, wherever we may be.”