FOSSA Systems
FOSSA Systems is a Madrid-based private aerospace company that designs, manufactures, and operates a vertically integrated LEO nanosatellite constellation providing low-power LoRa-based satellite IoT connectivity to industrial and government clients in energy, logistics, oil & gas, agriculture, infrastructure, and defense sectors across Europe and Asia-Pacific.
- Company typePrivate
- Founded2020
- HeadquartersMadrid, Spain
- Headcount51–100
- GTM typeB2B
- OfferingServices
What FOSSA Systems does
FOSSA Systems, S.L. is a Madrid-headquartered private aerospace company founded in July 2020 by Julián Fernández (CEO) and Vicente González (COO) that designs, manufactures, and operates a vertically integrated Low Earth Orbit (LEO) nanosatellite constellation for satellite IoT connectivity. The company operates the FOSSASat platform (picosatellites under 1 kg and nanosatellites 1–10 kg, with a 6U variant exceeding 10 kg in development) at 450–550 km altitude, supported by proprietary ground stations and the FOSSA Nexus IoT device/gateway. Connectivity uses LoRa LPWAN technology operating at UHF ISM and licensed 400 MHz bands with sub-1W transmission power, enabling ultra-low-power battery-operated sensors with 2–3 year satellite orbital life. The company has launched 25+ satellites since 2019, with a target of 140 satellites to deliver low-latency global IoT coverage.
The business operates three revenue streams: (1) recurring satellite IoT connectivity services sold on multi-year subscription contracts with minimum commitments, delivered via cloud dashboard or API; (2) hardware and end-to-end mission sales including satellites, ground stations, FOSSA Nexus devices, and launch brokerage for third-party PocketQubes; and (3) dedicated / sovereign satellite infrastructure for defense and government clients requiring private constellations. Customers are enterprises and government entities in six verticals — Energy & Utilities, Oil & Gas, Logistics, Smart Farming, Infrastructure & Construction, and National Security & Defence. Go-to-market is sales-led, with a dedicated field sales team (Director of Sales Antonio León, Business Development Manager Estefanía Quiroz) targeting industrial accounts directly, supplemented by channel partnerships for geographic expansion (Kanematsu Corporation for Japan).
FOSSA has raised approximately €20 million in total funding across early rounds, a €6.3 million Series A (June 2024, led by Nabtesco Technology Ventures and Indico Capital Partners), and a €9.25 million Series B (June 2026, led by Kibo Ventures). The company has offices in Madrid (HQ), Lisbon (opened 2024), and Tokyo (opened April 2026). Strategic positioning emphasizes European sovereignty in satellite infrastructure, validated by selection to NATO's DIANA Defence Innovation Accelerator (Challenge Program 2026) and the IoT SatCom payload contract for the Spanish Atlantic Constellation programme. The company's growth is bound to multi-year infrastructure buildout, with the constellation still at roughly 18% of its 140-satellite target.
FOSSA Systems firmographics
Firmographics- Name
- FOSSA Systems
- Legal name
- FOSSA Systems, S.L.
- Website
- https://fossa.systems
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- FOSSA Systems is a Madrid-based private aerospace company that designs, manufactures, and operates a vertically integrated LEO nanosatellite constellation providing low-power LoRa-based satellite IoT connectivity to industrial and government clients in energy, logistics, oil & gas, agriculture, infrastructure, and defense sectors across Europe and Asia-Pacific.
- Ownership category
- akta.pro rank
FOSSA Systems industry classification
Industry- Product category
- Satellite IoT Connectivity
- NAICS
- Satellite Telecommunications (5174), Guided Missile and Space Vehicle Manufacturing (336414)
- SIC
- Guided Missiles & Space Vehicles & Parts (3760), Communications Services, Nec (4899)
- akta.pro primary industry
- Satellite IoT & Machine-to-Machine (M2M) Connectivity (LPWAN over Satellite) (HDAIAJAF)
- akta.pro secondary industries
- NTN-Enabled Emergency, Government & Defense Communications (Public Safety, Tactical, Resilience) (HDAIAJAJ), Satellite Broadband Terminals & Gateways (VSAT/LEO CPE) (HDAFAIAM)
Keywords
Where FOSSA Systems is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices3 records
Markets served
FOSSA Systems business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Satellite IoT Connectivity Services: Provides satellite IoT connectivity as a recurring service to industrial clients operating remote assets. Customers deploy FOSSA Nexus IoT devices which connect through the satellite constellation. Pricing is quote-based and involves a minimum commitment requirement. Data is downlinked via ground stations to a cloud dashboard or API.
- Satellite and Ground Infrastructure Sales: Sale of end-to-end satellite missions including dedicated satellite platforms, ground stations, and IoT devices (FOSSA Nexus). Vertically integrated service including licensing support for customers wanting to launch their own satellites (PocketQubes).
- Dedicated Infrastructure: Provides dedicated satellite infrastructure for organizations requiring private, sovereign satellite IoT networks. Includes satellite platforms, ground segment, and user segment capabilities for defense and government clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom connectivity packages based on customer requirements |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
FOSSA Systems product offering
Product offeringCore offering
FOSSA Systems designs, manufactures, and operates a vertically integrated satellite IoT ecosystem consisting of proprietary nanosatellite platforms (FOSSASat), ground stations, and IoT devices (FOSSA Nexus) operating in Low Earth Orbit. The company provides global satellite IoT connectivity as a recurring service to industrial clients for remote asset monitoring in sectors where terrestrial cellular coverage is unavailable. It also sells dedicated satellite infrastructure and launch brokerage services for PocketQubes to third-party satellite operators.
Product overview
FOSSA Systems provides an end-to-end satellite IoT ecosystem comprising proprietary FOSSASat nanosatellite platforms operating in LEO, proprietary ground stations, and FOSSA Nexus IoT devices/gateways. The company offers Satellite IoT connectivity as its core service using LoRa technology, along with dedicated satellite infrastructure services. Their vertically integrated solution includes satellite manufacturing, launch brokerage for PocketQubes, constellation operations, and ground segment equipment. The portfolio also includes an IoT SatCom payload for third-party satellite integration and upcoming 6U nanosatellites with electric propulsion capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- SatIoT: Satellite IoT connectivity solution providing global coverage for IoT devices.
- FOSSASat
- FOSSA Nexus
Products and services
- Satellite IoT Global satellite-based IoT connectivity service for industrial applications, enabling remote asset monitoring in areas without terrestrial network coverage using FOSSA's LEO nanosatellite constellation and LoRa technology.
- FOSSASat Proprietary nanosatellite platforms (picosatellites under 1kg and nanosatellites 1-10kg) operating in Low Earth Orbit at 450-550 km altitude with 2-3 year orbital life, functioning as LoRa gateways in orbit for secure IoT connectivity.
- Satellite Ground Station
Quantifiable outcome
- Satellite IoT connectivity for Spanish Atlantic Constellation program, contracted by Spanish Space Agency
- +3 more outcomes
Companies that use FOSSA Systems
Customer profileNamed customers1 record
Segments6 records
Ideal customer profiles6 records
FOSSA Systems technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
FOSSA Systems partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and minor.
- Kanematsu CorporationflagshipStrategic agreement with Japanese conglomerate Kanematsu Corporation for joint commercialization of FOSSA's sovereign satellite technologies in Japan, including defense sector applications (secure communications constellations and signals intelligence). Kanematsu provides technological solutions for governmental and industrial organizations in Japan. Alliance expands FOSSA's space portfolio and supports its expansion into Asia-Pacific.
- IENAI SpacecoreAlliance to integrate IENAI's ATHENA electric propulsion engine into FOSSA's next-generation 6U nanosatellites launching end of 2026. First fully Spanish mission demonstrating an electric propulsion system in orbit. Represents culmination of the Spanish space supply chain.
- Open CosmosflagshipFOSSA selected as IoT SatCom provider for the Spanish Atlantic Constellation program, commissioned by the Spanish Space Agency. FOSSA delivers IoT payloads, software, and ongoing support to Open Cosmos (prime contractor). Satellite delivery scheduled for 2027. Landmark national initiative for European autonomy in space communications.
- WISeSat.Space (WISeKey)coreStrategic partnership since 2021 for small-satellite development for secure IoT communications from LEO. WISeSat participates in FOSSA's Series B round, with WISeSat currently having access to 25 launched LEO satellites through partner-operated missions, 8 currently in operation. Alignment with WISeKey's broader ecosystem including SEALSQ's post-quantum semiconductor capabilities.
- NATO DIANAflagshipFOSSA was selected as one of 150 companies from 24 NATO member countries for DIANA's Challenge Program 2026 to develop signal-intelligence solutions for LEO satellites. Each selected company receives €100,000 initial funding with access to over 200 test centers.
- HISPAVISTAminorFOSSA participates in the CHIP-NESE project led by HISPAVISTA, involving ASENSE Europe, Multiverse, and Masermic, in collaboration with technology centers Gradiant, Cidetec, Tekniker, Tecnalia, University of Seville, and UNIR. Project develops innovative chips for high-performance, low-power integrated circuit boards for stratospheric balloons, funded by CDTI PERTE CHIP Missions Programme.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
FOSSA Systems competitors and assessment
Company assessmentDirect peers
- Kepler Communications: Canadian company operating a LEO nanosatellite constellation providing IoT/data relay and store-and-forward services. Comparable in nanosatellite platform development, vertical integration, and target customer segments.
- Swarm Technologies: US-based low-cost satellite IoT provider now owned by SpaceX, operating the largest commercial nanosatellite constellation dedicated to IoT/M2M. Direct competitor in low-power satellite IoT with significantly stronger capital backing.
- Sateliot: Spanish satellite IoT operator building a LEO nanosatellite constellation using 5G NB-IoT NTN standard for industrial IoT applications. Closest direct competitor given shared geography, customer base (industrial asset monitoring), and LEO IoT focus.
- Fleet Space Technologies: Australian nanosatellite company deploying LEO satellites for IoT connectivity in mining, agriculture, and defense. Comparable in nanosatellite platform development, low-power IoT architecture, and industrial use-case focus.
- Myriota: Australian satellite IoT company using LEO nanosatellites for ultra-low-power IoT connectivity in agriculture, mining, logistics, and defense. Comparable in nanosatellite architecture, LPWAN technology approach, and vertical industrial focus.
- Astrocast: Swiss satellite IoT operator with a LEO nanosatellite constellation offering bidirectional IoT connectivity for industrial asset tracking, maritime, and agriculture. Closely comparable business model, customer segments, and nanosatellite-based architecture.
- OQ Technology: Luxembourg-based satellite IoT operator using 5G NB-IoT NTN over LEO satellites for industrial and asset-tracking applications. Closely comparable in customer focus, technology, and stage, with overlapping defense and industrial use cases.
Broad incumbents
- Orbcomm: Established US-based provider of M2M and IoT satellite connectivity serving industrial asset tracking, fleet management, and remote monitoring. A broad incumbent with overlapping industrial IoT customers and decades of operational history.
- Iridium Communications: Established US satellite operator with global L-band M2M/IoT services for industrial, maritime, and government customers. A broad incumbent offering overlapping IoT/M2M connectivity as part of a much larger portfolio of voice and data services.
Emerging players
- Plan-S Satellite and Space Technologies: Turkish satellite IoT startup developing nanosatellite-based IoT connectivity services for industrial and agricultural customers. An emerging player with overlapping technology and target markets but earlier commercial stage.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
FOSSA Systems social profiles
Digital presenceFOSSA Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
FOSSA Systems leadership team
Management profileNumber of profiles
Profiles7 records
FOSSA Systems funding detail
Funding detailFunding overview
Funding rounds5 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FOSSA Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FOSSA Systems
What does FOSSA Systems do?
FOSSA Systems designs, manufactures, and operates a vertically integrated satellite IoT ecosystem consisting of proprietary nanosatellite platforms (FOSSASat), ground stations, and IoT devices (FOSSA Nexus) operating in Low Earth Orbit. The company provides global satellite IoT connectivity as a recurring service to industrial clients for remote asset monitoring in sectors where terrestrial cellular coverage is unavailable. It also sells dedicated satellite infrastructure and launch brokerage services for PocketQubes to third-party satellite operators.
Is FOSSA Systems a public or private company?
FOSSA Systems is a private company. It is classified as venture growth investor backed and is currently operating.
When was FOSSA Systems founded?
FOSSA Systems was founded in 2020. It employs 51 to 100 people.
Where is FOSSA Systems based?
FOSSA Systems is headquartered in Madrid, Spain, in the Europe region.
How does FOSSA Systems make money?
Three revenue lines are on record. Satellite IoT Connectivity Services are the primary driver. The others are satellite and Ground Infrastructure Sales and dedicated Infrastructure.
Who are FOSSA Systems's main competitors?
Direct peers on record are Kepler Communications, Swarm Technologies, Sateliot, Fleet Space Technologies, Myriota, Astrocast and OQ Technology. Broad incumbents are Orbcomm and Iridium Communications. Plan-S Satellite and Space Technologies is listed as an emerging player.
Does FOSSA Systems have an API?
No public API is recorded for FOSSA Systems.
What industry is FOSSA Systems in?
FOSSA Systems's product category is Satellite IoT Connectivity. Its primary akta.pro industry code is HDAIAJAF, Satellite IoT & Machine-to-Machine (M2M) Connectivity (LPWAN over Satellite), with a secondary code of HDAIAJAJ, NTN-Enabled Emergency, Government & Defense Communications (Public Safety, Tactical, Resilience). Its NAICS code is 5174 and its SIC code is 3760.