Redmond satellite antenna company Kymeta raises $20M in venture debt

Redmond-based satellite antenna company Kymeta has raised $20 million in venture debt from Trinity Capital Inc. (Nasdaq: TRIN).

With the funding, announced Thursday, Kymeta said it plans to grow its operations. The money comes after former AMD and Synaptics executive Rick Bergman in April took over the Kymeta CEO role from co-CEOs Walter Berger and Doug Hutcheson.

"We appreciate Trinity's support and we're excited to have them as a partner as we continue to grow our business and position ourselves as the global leader in satellite communications on the move," Bergman said in a news release.

Kymeta has open roles listed on its website in engineering and information technology.

Kymeta was founded in 2012. The company makes a flat-panel mobile antenna designed to improve communications in difficult terrains, allowing first responders to communicate while en route to disasters. Kymeta also allows command center vehicles to move rather than stay stationary.

Related coverage

Kymeta markets its antennas to military, maritime, rail and public safety clients, among others. The company in 2022 raised an $84 million round that was led by Microsoft co-founder Bill Gates, and in 2020, Kymeta raised $30 million from South Korean defense electronics company Hanwha Systems.

Phoenix-based Trinity was founded in 2008, according to its LinkedIn page. The firm offers venture debt and equipment financing. Its portfolio includes the news outlet Vox and the shirt company Untuckit.

Bergman spent more than four years as executive vice president at the computer processor company AMD before joining Kymeta, his LinkedIn page shows, and he spent more than seven years as CEO of the hardware and software company Synpatics before that.

For more stories like this one, sign up for Seattle Inno newsletters from the Puget Sound Business Journal and the American Inno network.