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Kymeta Spins Out Of IV, Gets Funding From Bill Gates, Others

Kymeta, a new startup based on technology from Intellectual Ventures, has spun out of IV and raised its first round of funding. Intellectual Ventures announced the investment Tuesday, saying that Bill Gates, Liberty Global, and Lux Capital all contributed to the funding. Size of the funding was not disclosed. IV said that Kymeta's technology is based on its metamaterials satellite antenna technology, and is aimed at simplifying the satellite connection needed for broadband Internet all over the world. More information »


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