Bill Gates invests $78 million in satellite antenna firm Kymeta
Bill Gates is leading satellite antenna firm Kymeta's latest funding round with a $78 million (roughly Rs. 578 crores) investment. Redmond, Washington-based Kymeta, which sells pizza box-sized antennas for installation on cars, trains and boats, secured $85.2 million (roughly Rs. 633 crores) in capital.
Kymeta antennas are used to link satellites in high orbital altitudes and can link to remote places as well as moving planes and vehicles. Source - Reuters.