Myriota

What Myriota does

Myriota Pty Ltd is an Adelaide-based satellite IoT company founded in 2015 as a spin-out from the University of South Australia. It operates a direct-to-orbit connectivity platform built on a constellation of more than 40 low-Earth-orbit nanosatellites, using low-power, software-defined radio terminals that talk directly to its satellites without relying on terrestrial cellular infrastructure. The company delivers two core network products: UltraLite, an ultra-low-power protocol designed for long-life autonomous sensing on small batteries, and HyperPulse, a 5G Non-Terrestrial Network (NTN) service built on 3GPP standards and delivered in partnership with Viasat using L-band satellite capacity. Around these networks Myriota offers an ecosystem of certified modules (e.g. Nordic Semiconductor nRF9151), developer platforms (FlexSense, Device Manager, public SDK), an edge device (AssetHawk) and partner-branded products from OEMs including Grundfos, Taggle, INCYT, Future Fleet, Motherson, Mopeka and EOLOGIX-PING.

The company monetises its network through a mix of recurring subscription connectivity, usage-based per-message data plans, hardware and module sales, OEM/embedded licensing (per-unit royalties), and Space-as-a-Service or managed service contracts to channel partners such as Globalsat Group (Latin America) and Optus Business (Australia). Myriota targets four primary verticals: agriculture, water management, asset tracking and logistics, and defence and government, with secondary exposure to mining, heavy equipment, tank monitoring and OEM/industrial IoT. Customers and partners span 57 countries, with named relationships including the Australian Defence Force Innovation Hub (AU$5.48M partnership), the Saudi Space Authority, Boeing (via HorizonX), IAG, Gallagher, WaterGroup, the Department for Environment and Water (South Australia), and the Australian Institute of Marine Science. Go-to-market is delivered through direct enterprise and government sales, an OEM/embedded licensing channel, telco and reseller partners (Optus, Globalsat, Grundfos dealer network), and developer self-serve kits.

The business has raised more than US$100 million in cumulative equity funding across a US$15M Series A (March 2018), a AU$28M Series B (April 2020) and a AU$50M round in December 2024 anchored by AU$25M from Australia's National Reconstruction Fund Corporation. The company is privately held by Hostplus, Main Sequence Ventures, In-Q-Tel, Boeing HorizonX, Singtel Innov8, Right Click Capital, the South Australian Venture Capital Fund, the National Reconstruction Fund Corporation, and individual investor Malcolm Turnbull, with co-founder Dr David Haley serving as CTO, co-founder Dr Alex Grant as Non-Executive Director, Ben Cade as CEO since April 2022, and an operating footprint across 19 global locations.

Name

Myriota

Legal name

Myriota Pty Ltd

Website

https://myriota.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Myriota provides direct-to-orbit satellite IoT connectivity for agriculture, water management, asset tracking, defence, and industrial customers globally, operating a 40+ satellite LEO constellation delivering ultra-low-power UltraLite and 5G NTN HyperPulse services across 57+ countries.

Ownership category

akta.pro rank

Product category

Satellite IoT Connectivity

NAICS

Satellite Telecommunications (5174), Satellite Telecommunications (51741), Satellite Telecommunications (517410)

SIC

Computer Communications Equipment (3576), Services-Telephone Interconnect Systems (7385)

akta.pro primary industry

Satellite IoT & Machine-to-Machine (M2M) Connectivity (LPWAN over Satellite) (HDAIAJAF)

akta.pro secondary industries

Direct-to-Device (D2D) / NTN Cellular (Satellite-to-Handset, NB-IoT NTN) (HDAIAJAE), Satellite Network Operations & Capacity Services (NOC, Capacity Leasing, Managed Payload Services) (HDAIAJAI)

Keywords

• Satellite IoT connectivity
• 5G NTN network
• Low-power wide-area network
• Direct-to-orbit IoT
• Asset tracking devices

Headquarters

HQ city

Adelaide

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription connectivity (network service): Recurring subscription revenue from Myriota's direct-to-orbit satellite IoT network service, with transparent, usage-based pricing and Space-as-a-Service options.
2. Usage-based data plans: Pay-for-data pricing on the Myriota network, allowing customers to consume satellite IoT connectivity on a metered, per-message basis.
3. Hardware and module sales: Sale of Myriota-certified modules (e.g. Nordic Semiconductor nRF9151), developer kits and integrated OEM hardware such as Motherson-manufactured modules.
4. OEM/embedded licensing: Licensing of Myriota connectivity into partner products (e.g. Grundfos Solar Connect, INCYT Andromeda, Future Fleet NX-01) generating per-unit royalties or service attach.
5. Space-as-a-Service and managed services: Managed satellite connectivity services delivered to channel and enterprise partners, including the Globalsat Group Latin America distribution agreement.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels7 records

Core offering

Myriota designs, operates and sells direct-to-orbit satellite IoT connectivity through two networks: HyperPulse (a commercial 5G Non-Terrestrial Network built on 3GPP standards with Viasat) and UltraLite (an ultra-low-power satellite network for tiny battery-powered sensors). Around these networks Myriota sells edge devices (AssetHawk 5G NTN asset tracker), hardware modules, developer platforms (FlexSense), SDKs and a Device Manager cloud portal, and licenses its connectivity to OEMs and channel partners for use in agriculture, water, mining, tank monitoring, asset tracking, heavy equipment and government/defence applications.

Product overview

Myriota delivers a dual-network satellite IoT connectivity platform consisting of two core product lines: HyperPulse (the world's first commercial 5G Non-Terrestrial Network built on 3GPP standards and leveraging Viasat's L-band capacity, targeting low-latency, higher-data applications such as asset tracking and environmental monitoring) and UltraLite (an ultra-low-power satellite network providing 5-10 years of battery life for autonomous sensing applications). Around these networks, Myriota offers edge devices like AssetHawk (a rugged 5G NTN asset tracker with up to 10 years of battery life), hardware modules including the UltraLite Module, developer platforms like FlexSense, and complementary developer kits (HyperPulse Developer Kit and UltraLite Developer Kit). The Device Manager web portal and the publicly available SDK/API on GitHub enable device registration, satellite pass-time access, and integration. The platform is supported by an ecosystem of Partner Products built by OEMs and integrators such as Grundfos, Taggle, INCYT, and Future Fleet, serving industries including agriculture, water management, mining, tank monitoring, heavy equipment, asset tracking, and government/defence across 57+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• HyperPulse: World's first commercial 5G Non-Terrestrial Network (3GPP 5G NTN) engineered for IoT, designed and operated by Myriota combining its 5G NTN architecture with L-band capacity leased from Viasat.
• UltraLite
• AssetHawk
• FlexSense

Products and services

• HyperPulse 5G NTN Network Commercial 3GPP 5G Non-Terrestrial Network service for IoT, delivered jointly with Viasat using L-band satellite capacity, providing low latency and higher daily data allowances with dynamic pulse/beam hopping for low-latency tracking and monitoring applications with high data requirements.
• UltraLite Network Ultra-low-power satellite network for IoT designed for long-term, autonomous sensing applications with small data payloads, delivering 5-10 years of field life on 2 AA batteries with set-and-forget functionality and reliable, secure connectivity.
• AssetHawk Asset Tracker Rugged, affordable satellite asset tracker delivering intelligent asset visibility anywhere on Earth via 5G Non-Terrestrial Network connectivity, with up to 10 years of battery life, integrated BLE gateway for environmental sensors, and compact battery-powered design.
• UltraLite Module Low-powered hardware module that securely transfers data to the Myriota network of satellites from anywhere on the planet, built on an edge computing platform allowing third-party integration with a wide range of sensors and devices.
• FlexSense Developer Platform Fast-track IoT developer platform that accelerates integration with Myriota's satellite connectivity, enabling integrators to use off-the-shelf devices and configure solutions with minimal development time, particularly for underserved mobile reception areas.
• HyperPulse Developer Kit
• UltraLite Developer Kit Development platform for the UltraLite Module, providing developers with the tools to integrate Myriota's direct-to-satellite communications technology with IoT products.
• Myriota Device Manager Web-based cloud platform for registering devices and accessing Myriota's satellite pass times, providing the cloud interface for device lifecycle management on the Myriota network.
• Partner Products Ecosystem Curated ecosystem of commercial products built on the Myriota network by solutions providers, OEMs and systems integrators, including Grundfos Solar Connect, Taggle Cockatoo, INCYT Andromeda and Future Fleet NX-01.

Quantifiable outcome

• 300% growth in IoT devices connected to the Myriota network.
• +3 more outcomes

Named customers29 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

27 partnerships are on record, tiered core, flagship and minor.

• exactEarthcoreStrategic or Co-development PartnerInvested in Myriota and collaborates on satellite IoT technology, supporting Myriota's Canadian satellite operations.
• Spire GlobalflagshipStrategic or Co-development PartnerMulti-year Space Services agreement covering satellite manufacturing and data services; collaboration on next-generation nanosatellites and ground infrastructure.
• ViasatflagshipStrategic or Co-development PartnerJointly delivering the HyperPulse 5G NTN IoT service, integrating Viasat's L-band satellite capacity with Myriota's IoT expertise and enabling early-access customers such as Custodia.
• Optus BusinesscoreChannel Partner/ Reseller/ DistributorTelco partnership integrating Myriota satellite IoT connectivity into Optus Business offerings for Australian enterprise customers.
• Nordic SemiconductorcoreTechnology or IntegrationCertified Myriota connectivity on Nordic's nRF9151 low-power cellular IoT module, enabling integrated satellite/cellular modules for developers.
• Australian Space AgencyflagshipStrategic or Co-development PartnerSigned a Statement of Strategic Intent, aligning Myriota's commercial activities with the Australian Civil Space Strategy.
• Australian Defence Force Innovation HubflagshipStrategic or Co-development PartnerAU$5.48 million partnership to develop next-generation satellite IoT capabilities for Australian defence applications.
• Saudi Space AuthorityflagshipStrategic or Co-development PartnerPartnership to bring Myriota's direct-to-orbit IoT connectivity to Saudi Arabia and the wider MENA region.
• GrundfosflagshipOEM/ Whitelabel/ Licensing PartnerIntegrated Myriota connectivity into the Grundfos Solar Connect off-grid water management solution, distributed through Grundfos' global dealer network.
• TagglecoreOEM/ Whitelabel/ Licensing PartnerCo-developed the Taggle Cockatoo water metering solution using Myriota satellite IoT connectivity for remote Australian deployments.
• INCYTcoreOEM/ Whitelabel/ Licensing PartnerCo-developed the INCYT Andromeda satellite-connected asset tracker built on Myriota's network.
• Future Fleet InternationalcoreOEM/ Whitelabel/ Licensing PartnerCo-developed the Future Fleet NX-01 satellite IoT tracking solution powered by Myriota connectivity.
• MothersonflagshipOEM/ Whitelabel/ Licensing PartnerManufacturing partnership producing Myriota-enabled IoT modules and devices at scale.
• Amazon Web Services (AWS)coreTechnology or IntegrationUses AWS Ground Station for Myriota's satellite ground operations and data downlink infrastructure.
• ISILAUNCHcoreStrategic or Co-development PartnerLaunch services partner that delivered the Kanyini satellite into orbit.
• Inovor TechnologiescoreStrategic or Co-development PartnerAustralian collaboration on the Kanyini satellite bus and mission.
• SmartSat Cooperative Research CentrecoreStrategic or Co-development PartnerResearch partnership backing the Kanyini mission and broader satellite IoT R&D.
• TyvakcoreStrategic or Co-development PartnerPartnership on next-generation nanosatellite platforms for Myriota's constellation.
• Wyld NetworkscoreStrategic or Co-development PartnerStrategic partnership combining Wyld's mesh satellite IoT solutions with Myriota's direct-to-orbit network.
• TelkomsatcoreStrategic or Co-development PartnerMemorandum of Understanding with Indonesian satellite operator Telkomsat to explore satellite IoT opportunities in Indonesia.
• BlynkcoreTechnology or IntegrationApplication ecosystem integration allowing Myriota devices to be managed via the Blynk IoT platform.
• Green Frog SystemsminorStrategic or Co-development PartnerPartnership on off-grid infrastructure deployments using Myriota connectivity.
• MTSFBminorStrategic or Co-development PartnerPartnership supporting satellite IoT adoption in Malaysia.
• MopekacoreOEM/ Whitelabel/ Licensing PartnerLaunched a satellite-connected tank-monitoring product on Myriota's network.
• EOLOGIX-PINGminorOEM/ Whitelabel/ Licensing PartnerLightning-monitoring sensor product integrated with Myriota connectivity.
• CustodiacoreTechnology or IntegrationEarly-access customer/partner for the Viasat-Myriota HyperPulse 5G NTN service.
• Globalsat GroupcoreChannel Partner/ Reseller/ DistributorDistribution partner reselling Myriota satellite IoT connectivity across Latin America.

Scale indicators10 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Iridium Communications: Iridium operates a global L-band satellite network providing IoT/M2M connectivity (Iridium Edge, Certus) to enterprise and government customers. It is the closest direct competitor to Myriota in low-data satellite IoT, although Iridium's constellation is larger, more established, and traditionally more expensive than Myriota's direct-to-orbit nanosatellite approach.
• Astrocast: Astrocast is a Swiss operator of a LEO nanosatellite IoT network offering bidirectional direct-to-satellite connectivity for asset tracking, agriculture, maritime and remote industrial use cases. It directly competes with Myriota in the low-power satellite IoT segment with similar module and subscription offerings.
• Swarm Technologies (SpaceX): Swarm, now part of SpaceX, provides ultra-low-cost global satellite IoT connectivity using a constellation of small satellites and low-power modem modules. It competes directly with Myriota UltraLite on small-payload, low-power IoT use cases and benefits from SpaceX scale.

Emerging players

• OQ Technology: OQ Technology is a Luxembourg-based 5G NTN satellite IoT operator pursuing direct-to-device 3GPP NTN connectivity. Like Myriota, it is targeting 5G NTN enterprise IoT, making it a relevant emerging competitor as HyperPulse scales globally.
• Lacuna Space: Lacuna Space operates a LEO nanosatellite IoT network using LoRaWAN-based protocols to deliver affordable direct-to-satellite connectivity. It overlaps with Myriota's ultra-low-power IoT positioning and serves similar agriculture, asset-tracking and environmental monitoring use cases.
• Kepler Communications: Kepler Communications builds and operates a LEO nanosatellite constellation providing both IoT connectivity and store-and-forward data services. It is an emerging player with overlapping technology and a similar target customer profile in industrial IoT and remote sensing.
• Skylo Technologies: Skylo is a 5G NTN satellite IoT service provider that partners with geostationary operators to deliver standards-based NTN connectivity to IoT devices. Like Myriota's HyperPulse, Skylo is pursuing 3GPP NTN enterprise IoT, making it a relevant emerging competitor.
• Wyld Networks: Wyld Networks provides hybrid mesh satellite IoT solutions combining terrestrial LoRaWAN with satellite backhaul. It is a strategic partner of Myriota but also an emerging adjacent player in satellite IoT for agriculture, logistics and remote asset use cases.

Broad incumbents

• Viasat: Viasat is a large incumbent satellite communications operator providing broadband and L-band services globally. It is both a strategic partner (L-band capacity for HyperPulse) and a broad incumbent whose satellite IoT capabilities compete with Myriota in enterprise and government segments.
• Inmarsat (now Viasat): Inmarsat, now part of Viasat, offers global L-band satellite IoT services such as IsatData Pro and BGAN M2M for enterprise asset tracking, maritime and remote monitoring. As a broad incumbent with deep telco relationships, it competes with Myriota across enterprise satellite IoT segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/myriotaglobal
• Facebookfacebook.com/myriota
• LinkedInlinkedin.com/company/myriota

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myriota