Hubble Network raises $200 million Series C at $1.6 billion valuation
Hubble Network
Hubble Network raised $200 million and opened its satellite-Bluetooth network to all BLE devices.
what happened
Hubble Network raised a $200 million Series C led by Smith Point Capital, with Seraphim, Carthona Capital, Earthshot Ventures, Y Combinator and RPM Ventures participating, valuing the company at $1.6 billion, the company said Sept. 23 via Business Wire. The round brings Hubble's total funding to $300 million. Hubble also opened its satellite-Bluetooth network to general availability, letting standard Bluetooth Low Energy chips connect directly to its six in-orbit satellites; the company plans a 60-satellite constellation built with Muon Space by 2030.
why it matters
The $1.6 billion valuation, more than five times Hubble's level at its September 2025 Series B, signals investor confidence in a direct-to-device IoT pitch that needs no new chips or gateways, a lower-friction approach than cellular D2D rivals. General availability plus the fresh funding gives Hubble runway to compete with terrestrial cellular asset trackers on cost as it builds out its constellation.
for who
IoT device makers and direct-to-device connectivity investors
signal-to-noise
quick facts
- Companies
- Hubble Network
- Category
- financial
- Impact
- major
- SNR
- 4 / 5
- Event date
- 2026-09-23
- Published
- 2026-09-23 22:01 UTC