NJF Capital presents Swarm Technologies: Connectivity to our global community is essential for economic growth in the 21st century. However, there is no connectivity solution that is both truly global and low-cost. Large parts of the world are still disconnected, with over 40% of the world’s population not having access to the internet. Standard means of providing internet to businesses and society, such as cable infrastructure, traditional wireless technology and via existing satellites, is uneconomic.
Swarm Technologies is launching a satellite constellation that can provide internet access to 100% of the world for 10-100 times cheaper than incumbent satellite competitors. Swarm have invented ultra-light and ultra-small satellites, which make the launch economics very competitive. The company is initially targeting low-bandwidth use cases for Maritime, Agriculture, Network Extension and Global Development.
The largest tech companies in the world have tried and failed to provide global access to the internet. The team at Swarm Technologies have what it takes to execute this ambitious project. Swarm have already launched seven satellites and look to deploy their first constellation by the end of 2019.