Seattle-based Hubble Network secured a $200 million Series C led by Smith Point Capital at a $1.6 billion valuation, to expand its “Bluetooth to satellite” constellation from six to 60 satellites by 2030 while opening the network to general availability.
Hubble Network raised $200 million in a Series C round, valuing the Seattle-based company at $1.6 billion and bringing its total funding to $300 million. The round was led by Smith Point Capital, with participation from Seraphim, Carthona Capital, Earthshot Ventures, Y Combinator, and RPM Ventures. It follows a $70 million Series B in September 2025.
The capital will primarily fund expansion of the company’s low Earth orbit (LEO) satellite constellation from six operational satellites to 60 by 2030 (with some reports citing completion of additional deployments by the end of 2029). Next generation satellites, built with partner Muon Space on its MuSat XL platform, will feature significantly upgraded phased array antennas (roughly 10x more Bluetooth detecting capability). These upgrades aim to support tracking of 10 million+ devices per satellite, enable near constant global connectivity (improving from roughly twice daily revisits), and expand data capacity beyond basic location to include sensor readings such as temperature, humidity, smoke, CO2, and moisture.
What is Hubble Network?
Hubble Network, founded in 2021, is building a hybrid global connectivity platform for Internet of Things (IoT) devices that uses standard Bluetooth Low Energy (BLE) radios. Co-founders are CEO Alex Haro (previously co-founder of Life360) and CTO Ben Wild (inventor of Amazon Sidewalk and previously involved with Ring related wireless IoT work). The company has no affiliation with NASA’s Hubble Space Telescope; the name references its role as a hub for BLE transmissions.
The core innovation allows any device with a BLE radio to transmit location and sensor data globally via a firmware update and SDK, no dedicated satellite modem, cellular modem, GPS hardware, or new radio is required. Devices can operate on roughly 50 cent chips with multi year battery life (coin cell viable) and target subscription economics around $4 per month in some descriptions. This contrasts sharply with traditional cellular trackers (higher module costs, often $8–$50+ range) or dedicated satellite hardware ($25+ per device historically cited by the company).
The network operates in two complementary layers:
- Terrestrial Network: Over 100 million gateways/scanners across 170 countries covering more than 3 million square miles (figures sometimes cited near 90 million scanners in earlier coverage). It leverages existing infrastructure for dense urban and indoor coverage.
- Satellite Network: Six LEO satellites currently operational (around 550 km altitude), now opened to general availability after pilot phases. Any compatible BLE device can connect outdoors via firmware; satellites receive standard BLE advertising packets (with higher transmit power such as +20 dBm recommended for optimal reach). More than 500,000 devices were active at announcement (over 10x growth year over year).
Hubble achieved the first documented Bluetooth connection to a satellite in 2024. The hybrid model enables continuous tracking in covered areas and global reach in remote regions, supporting use cases from item level logistics to off-grid equipment.
Key collaborations include:
- Texas Instruments (for chipset integration enabling location/sensor data without gateways, GPS, or cellular).
- InPlay (sub-$1 chips paired with Hubble gateways for RFID competitive item-level tracking).
- Reelables (printable smart labels for cargo).
- Samsara (NYSE: IOT), which is using the network to extend visibility for crews and equipment beyond traditional coverage.
- Muon Space for next generation satellite manufacturing and operations.
The company positions the technology as enabling tracking of everyday goods (not just high value assets), noting that cellular covers only about 15% of Earth’s landmass and that theft/loss costs mid sized businesses an average of $13 million annually. At under 50 cents per radio, tracking can extend from pallets to individual items.
Hubble targets the large gap in low cost, low power, global IoT connectivity for asset tracking, logistics, supply chains, industrial equipment, pharmaceuticals, vehicles, outdoor gear, and similar applications. Traditional solutions force trade-offs among cost, power, coverage, and infrastructure. Hubble’s BLE-centric approach prioritizes extreme cost and power efficiency with primarily uplink, small payload (up to ~13 bytes in current guidance) data suited to location/sensor “phone home” use cases, with latency ranging from minutes to hours depending on the network layer and constellation density.
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Competitors and alternatives in the broader satellite IoT and non terrestrial network (NTN) space include 3GPP-based NB-IoT/LTE-M NTN providers (e.g., Skylo and others), LoRa based systems (e.g., Kinéis), legacy satellite IoT operators (Iridium, Globalstar), and other specialized players. Hubble differentiates on zero or near zero incremental hardware cost (firmware only on existing BLE silicon), multi year battery life, simplified certification/integration, and hybrid terrestrial scale. It is generally not positioned for high bandwidth, bidirectional, low latency, or large payload needs where cellular or other NTN options may fit better. Prior independent players such as Swarm (acquired by SpaceX) left the dedicated low cost satellite IoT field relatively open for venture backed approaches like Hubble’s.
Funding Trajectory and Investor Signal
- Early funding and Y Combinator (Winter 2022 batch).
- Series A and subsequent rounds building to ~$100 million total by the 2025 Series B.
- Series C: $200 million at $1.6 billion valuation → $300 million cumulative.
The rapid progression to unicorn status, large Series C relative to sector norms for telecom/space IoT, and participation by specialized investors (space focused Seraphim, climate oriented Earthshot Ventures, and others) signal strong conviction in the technical feasibility and commercial opportunity of “BLE to satellite” connectivity. Proceeds are directed at constellation scale-up and further cost reduction of connectivity “until anything on Earth can report where it is and how it’s doing,” per company statements.
Opening the satellite network to general availability marks a transition from closed pilots to broader commercial access. With the constellation growth path and next gen satellite capabilities (first launches expected around 2027 in some reports), Hubble aims for denser coverage, higher device capacity (potentially supporting hundreds of billions of devices long term), richer sensor data, and lower effective costs. Success depends on execution of satellite deployments, continued device ecosystem adoption via the SDK, partnership scaling, and demonstrating reliable performance at volume.
The raise strengthens Hubble’s position as a notable player in commercial space and IoT infrastructure, particularly in the Pacific Northwest ecosystem alongside larger LEO broadband efforts. It underscores investor appetite for differentiated, software enabled approaches that leverage existing device silicon rather than requiring new radio hardware.
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