October 27, 2016

KNL Networks secures USD 10 million in funding

KNL Networks is the only alternative to satellite communications and is currently in use on ocean fleets traversing both the Atlantic and Pacific Oceans.
KNL Networks is the only alternative to satellite communications and is currently in use on ocean fleets traversing both the Atlantic and Pacific Oceans.
KNL Networks

Finnish pioneer of “Internet Anywhere” technology that can even be used anywhere in the world, KNL Networks, has closed a major Series A round of funding.

Based in Oulu, the company has spent the past four years quietly developing a new wireless communications system that is able to provide IP communication even to the most extreme and isolated locations on Earth.

The company’s patented communication system relies on shortwave radio transmissions, which allows data to be transmitted over thousands of kilometers. This technology could thus enable new applications that provide savings in operating costs, increase operational security and open up fresh business opportunities.

The lead investor in the 10-million-euro Series A round was Creandum, with co-investors Inventure and Butterfly Ventures (which both participated in 2014’s two-million-euro seed round lead).

Share: