Myriota inks agreement with Optus Business to expand IoT coverage
Optus Business has announced that it has entered into an agreement with Myriota, the global leader in nanosatellite internet of things (IoT), with a view to providing remote and regional connectivity for IoT devices and applications.
An Australian first, the major telco-nanosatellite provider agreement will bring together Optus’ national networks and digital enablement capabilities with Myriota’s direct-to-orbit technology to allow for massive scale, low-cost communications for IoT devices across remote Australian geographies.
The arrangement will offer low-cost, long battery life connectivity for millions of devices across multiple industries. The devices will allow companies to track assets across Australia, even in the most remote areas.
Optus Business managing director Chris Mitchell said he was excited to see the impact that collaborating with Myriota would have for Optus customers.
Mitchell said, "Working with innovative start-ups like Myriota allows Optus Business to help our customers capture the business improvements of next-generation technologies. We are excited by the possibilities this agreement presents."
CEO and co-founder of Myriota, Dr Alex Grant, said the agreement would unlock new opportunities for IoT applications across a wide variety of industries.
"Remote connectivity has long been the missing piece of the puzzle for IoT across industries like logistics and farming, and we are thrilled to partner with Optus Business to provide a comprehensive connectivity offering," Dr Grant said.
Dr Grant expanded on this, saying, "By combining Optus’ national networks with our nanosatellite capability, we are able to offer a truly holistic IoT solution and help solve connectivity issues being faced in regional Australia."
The two companies have a shared history, with 2018 seeing Myriota secure US$15 million in Series A funding from companies including Singtel Innov8; the venture capital arm of Optus’ parent company Singtel.
Optus Business helps enterprise and government customers enable connected experiences that enhance customer and employee engagement and the spaces where they operate and work. Underpinned by IoT and analytics, automation and collaboration, Optus Business provides cloud agility and a strong, growing network with services and products that are cyber-secure by design.
Myriota was founded to revolutionise IoT by offering disruptively low-cost and long-battery-life global connectivity. Based in Adelaide, a focal point of the Australian space industry and home of the Australian Space Agency, Myriota has a growing portfolio of more than 20 patents, and support from major Australian and international investors.
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