Hubble Network, a Seattle-based startup developing a satellite constellation for Bluetooth-based asset tracking, has secured $200 million in Series C funding at a $1.6 billion valuation. The round was led by Smith Point Capital with participation from existing and new investors, bringing the company’s total financing to $300 million.
What Happened
The Series C round follows a $70 million Series B raised in September 2025. Investors participating in the new round included Seraphim, Carthona Capital, Earthshot Ventures, RPM Ventures, and Y Combinator. The capital injection is designated to expand Hubble’s orbital infrastructure significantly. While the company currently operates six satellites, it plans to deploy 54 additional satellites by the end of 2029.
The next generation of satellites, the first two of which are expected to launch next year according to CEO Alex Haro, will feature 10 times more Bluetooth-detecting antennas than current models. This hardware upgrade is intended to allow each satellite to track the location of over 10 million devices on Earth. Hubble also announced the transition of its space-based asset tracking service from closed beta to general availability.
Why It Matters
Hubble’s expansion aims to shift its service model from intermittent connectivity, which currently offers a revisit rate of twice per day, to near-constant connection. This change is critical for providing consistent, global-scale asset tracking. The technology leverages standard Bluetooth devices, requiring only a firmware update to enable long-range data transmission to satellites, rather than specialized hardware.
The company positions its solution as a low-cost alternative to cellular-based tracking. While cellular tracking chips can cost up to $50 and have limited battery life, Bluetooth chips typically cost less than 50 cents and can operate for years on a single battery. By combining satellite coverage for remote regions with over 100 million ground-based Bluetooth-detecting gateways for urban areas, Hubble seeks to offer comprehensive global coverage. The enhanced satellites will also support the transmission of environmental data, such as temperature, humidity, and CO2 levels, in addition to location.
The Bottom Line
Hubble Network has raised $200 million at a $1.6 billion valuation to scale its constellation from six to 60 satellites by 2029. The funding supports the deployment of next-generation satellites capable of near-constant global connectivity and the launch of its general availability asset tracking service.