Billionaire philanthropist Bill Gates led a multi-million investment with antenna developer Kymeta.

Business tycoon and philanthropist Bill Gates invested $78.5 million in the satellite communications company Kymeta, announced on August 25. With the new funding, the tech startup specializing in the manufacture of satellite antennas has raised $85.2 million for the recent investments.

Investments in Kymeta

The investment would allow Kymeta to scale up the production of its mobile communications technology. Particularly for its latest antenna called u8 terminal.

Since the company started eight years ago, the startup amassed $300 million in funding already. Among the investors include Lux Capital and Intelsat.

Bill Gates invests $78 million in satellite antenna firm Kymeta https://t.co/kCRkNCShZQ pic.twitter.com/fSNgrekYyN

— Reuters (@Reuters) August 25, 2020

Kymeta’s executive chairman Doug Hutcheson told CNBC that he thinks Gates believes that Kymeta has the “right technology” that is already developed in order to “change how people think and use this type of communications.”

Kymeta’s Antenna

Many know Kymeta for its flat satellite antenna, which is said to steer electronically. The company also claims that its antenna solves the mobility issue from others. Thus, their antenna could substitute dish satellites. Furthermore, the company’s primary clients come from defense and first responders industries. 

Hutcheson said in a statement that Kymeta is just “scratching the surface,” regarding the amalgamation of its “electronically steered flat panel” and “global land mobility.”

U8 Terminal

The latest from the company is their u8 terminal. A beta for this antenna currently undergoes trial, with hopes of launching this year.

Exec chair Hutcheson remarked that the u8 terminal could transform the communications sector. He further noted that their newest antenna is one-of-a-kind. The antenna can connect with different satellites, per a CNBC report.

Hutcheson told CNBC that the u8 “works to provide satellite communications with no moving parts because of the flat panel, and it is very robust.” He further said that their latest antenna could withstand “extreme conditions,” even when rolled over by a vehicle.

The post Antenna Firm Kymeta Receives Over $78.5M Funding From Bill Gates first appeared on Tekrati and is written by Sam Arnold

Bitcoin owners were in for a ride Wednesday when verified Twitter accounts suddenly asked them for bitcoin donations. If you haven’t seen blue check accounts in your feed, this could be why.

Who’s Asking for Bitcoin on Twitter?

CNN reports that Twitter security was compromised Wednesday. Prominent accounts suddenly tweeted for bitcoin. Users included Bill Gates, Elon Musk, Kanye West, Jeff Bezos, and President Barack Obama. Hacker on Bill Gates’ account even promised to “double all payments to a Bitcoin address.”

Twitter accounts belonging to Bill Gates, Elon Musk, Apple and Uber, among other prominent handles, were compromised and posted tweets that appeared to promote a cryptocurrency scam https://t.co/MwYu68fuoG

— CNN Business (@CNNBusiness) July 15, 2020

I’m Not Verified, so Can I Still Tweet?

Twitter responded to the hack by limiting user access. If you have a verified account, chances are you can’t tweet or reply to tweets. If you don’t have a blue check, then no problem. A little over two hours after the hack passed before Twitter restored its functions.

Most accounts should be able to Tweet again. As we continue working on a fix, this functionality may come and go. We're working to get things back to normal as quickly as possible.

— Support (@Support) July 16, 2020

So, Celebrities Got Hacked. What’s the Problem?

You can’t just laugh off celebrity Twitter hacking. Many world leaders, like President Trump, use Twitter. In Trump’s case, he announces significant policies there. A lot of worldwide agencies also use Twitter. Hackers getting into these accounts could sow chaos around the world. Just one misleading tweet, and you got another country firing nukes at you. Twitter could beef up its cybersecurity.

I Think I Gave Elon Musk Some Bitcoin. What Happened to It?

According to CNN Business, some of the Bitcoin wallets in the hack became active only on Wednesday. The hackers only needed hours to make money. In that time, Twitter users dropped $100,000 worth of bitcoins into their wallets. The hackers also made sure to spread the bitcoins to other wallets.

CNN reports that the Federal Bureau of Investigation (FBI) is on the case. This new celebrity hacking case should remind us not to give away money on the internet. Just because a celebrity asks us to, it doesn’t mean we should.

The post Gates, Musk, Bezos Beg for Bitcoins In Massive Twitter Hack first appeared on Tekrati and is written by Sam Arnold