Transcelestial raises US$2M strategic funding
Singapore: Transcelestial Technologies, a last-mile internet connectivity startup based out of Singapore, has announced its entry into the Philippines by raising strategic funding of US$2 million from Kickstart Ventures.
This is the first publicly-announced investment by Kickstart Ventures from its recently-announced US$180-million ACTIVE Fund, which is backed by Ayala Corporation.
“The team at Kickstart has been fully aligned with our goals of solving the last-mile and global bottlenecks in internet distribution. We could not have asked for a better partner to help us not only work with Globe in the Philippines but also advise us on bringing our current and future products to solve some of the challenges in the archipelago nation,” said Rohit Jha, CEO of Transcelestial.
Founded in December 2016, Transcelestial is building what it claims to be a space laser network to “deliver a step-change in internet connectivity globally”.
The startup has developed Centauri, a mass-produced network device that leverages its proprietary Wireless Laser Communication Technology to create a wireless distribution network between buildings, traditional cell towers, street-level poles, and other physical infrastructure.
It is the size of a shoe-box weighing less than 3kg and is capable of delivering fiber-like speeds to customers. It is a rapidly-deployable, low-cost, and high-speed solution, which can be used in dense residential areas that require bandwidth upgrades.
The archipelago is ahead of the world average on using digital banking and financial services (beating the US) and has the highest ownership of cryptocurrency. It had more new mobile connections activated last year than the next 10 countries combined.
As for enterprise, the Centauri technology when used in conjunction with their selected telecom or ISP partner will deliver the best experience to their business use case at a significantly more affordable cost to their business in the difficult COVID-19 period.
For government, its technology helps it bring low-cost ultra-high-speed audiovisual and data capabilities to schools, hospitals, government offices and population centres far away from Tier 1 cities.
