Fleet Space Technologies raises $7.35M for its space-based IoT tech

Australian satellite startup Fleet Space Technologies has raised a $7.35 million round of funding to help launch its next generation of nanosatellites, extremely small satellites it employs to deliver Internet of Things (IoT) connectivity to customers globally.
Fleet’s satellites are roughly the size of shoe boxes, which are much cheaper and easier to launch than traditional geocommnications satellites, and the company intends to use a globe-spanning constellation of these in order to serv