Boeing invests in Isotropic Systems Ltd.
Chicago, IL-based Boeing announced on January 15 its investment in Isotropic Systems Ltd., a London-based startup pioneering next-generation solutions to better connect people and enterprises around the globe.
By taking advantage of optical beam steering, Isotropic’s innovative user terminals can simultaneously connect with several different satellites without increasing cost or complexity. This capability will help enable low-cost, mass-market broadband connectivity for consumers and help companies meet growing demand for satellite data, mobility and broadband services even in the most remote places, the company said.
“Isotropic’s solution allows for increased capabilities at reduced costs for satellite service providers,” said Brian Schettler, managing director of Boeing HorizonX Ventures. “This investment accelerates the expansion of space-based connectivity services to the mass market and continues Boeing’s leadership in space innovation.”
Founded in 2013 by chief executive officer John Finney, a former founding member of O3b Networks, Isotropic has redefined the approach to mass distribution of satellite broadband through affordable infrastructure.
“With Boeing, we aim to connect individuals and enterprises on a scale that has never been seen before,” said Finney. “That legacy of true global connection will define our generation.”
Isotropic joins Boeing subsidiary Millennium Space Systems and Boeing HorizonX Ventures portfolio startups Myriota, BridgeSat Inc. and Accion Systems in advancing the company’s satellite and space-based capabilities. Isotropic is the second UK-based startup to join the HorizonX portfolio, following Reaction Engines in April 2018.