Alphabet spins off Starlink competitor Taara

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Light-based internet project Taara is exiting Alphabet’s “moonshot” incubator X, spinning off into an independent company. Taara’s tech uses lasers to transmit data, and is envisaged as a rival to Elon Musk’s Starlink when it comes to connecting rural areas to the internet.

The Financial Times reports that Alphabet will retain a minority stake in Taara, which has also secured funding from Series X Capital. The company currently has two dozen employees and operates in 12 countries, working on everything from connecting the capital of the…



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Alphabet spins off Starlink competitor Taara


Light-based internet project Taara is exiting Alphabet’s “moonshot” incubator X, spinning off into an independent company. Taara’s tech uses lasers to transmit data, and is envisaged as a rival to Elon Musk’s Starlink when it comes to connecting rural areas to the internet.

The Financial Times reports that Alphabet will retain a minority stake in Taara, which has also secured funding from Series X Capital. The company currently has two dozen employees and operates in 12 countries, working on everything from connecting the capital of the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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