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Akash Systems raises USD 14.5m Series A.

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INTERNET BUSINESS NEWS-(C)1995-2019 M2 COMMUNICATIONS

Akash Systems, Inc., a San Francisco-based startup focused on resolving the explosive growth of data collected from space by enabling faster, cheaper and ubiquitous satellite communications, has announced USD 14.5 million in Series A funding, including USD 10 million in new equity funds, and an additional USD 4.5 million converted from prior convertible notes, the company said.

Investors in this round include Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan, Correlation Ventures and others. Akash will deploy the new capital toward scaling its transmit/receive radio modules and power amplifier business, moving it closer to profitability.

Akash has designed its satellite transmit/receive radio modules to easily integrate with existing ground station and satellite infrastructure for satellite makers in all markets. The company's radios, which are expected to be available for purchase in late 2019, promise impressive performance not yet seen on the market.

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