Hubble Network Raises $200M at $1.6B Valuation for Bluetooth Satellite Network

Hubble Network (hubble.com) has raised a $200 million Series C led by Smith Point Capital, valuing the satellite connectivity company at $1.6 billion, Bloomberg reported. The company's earlier backers include Pioneer Fund, Seraphim Space, RPM Ventures, Carthona Capital, Earthshot Ventures, and Y Combinator.

Alex Haro

Cofounder & CEO

Ben Wild

Cofounder

Alongside the round, Hubble said it is opening its network to any Bluetooth device on Earth, meaning existing chips can reach the constellation through a software update rather than new hardware. Co-founder and CEO Alex Haro, who previously co-founded Life360, said the industry consensus when the company started was that the physics would not work.

The company is building a constellation of 60 satellites in low-Earth orbit that pairs with a ground-based network, according to Bloomberg, and the service can monitor anything carrying a Bluetooth chip, from packages and vehicles to pharmaceuticals. Haro started the company with Ben Wild, who invented and managed Amazon's Sidewalk wireless IoT network.

Cost is the argument Hubble is making. Cellular networks reach roughly 15% of the planet's landmass, and tracking assets beyond that coverage has required satellite hardware starting around $25 per device, which limits connected tracking to goods valuable enough to justify the expense. Hubble puts the bill of materials for its connectivity under 50 cents, which the company describes as about 10 times cheaper than a cellular modem and about 50 times cheaper than a satellite one.

That math is aimed at categories that have never been worth connecting: pallets, water pumps, shipping containers, and farm equipment parked in fields outside cellular range.

Hubble raised a $70 million Series B in 2025 to accelerate deployment of the constellation, which it has said will be capable of serving up to a billion devices by 2028.

By The SV Post Team