December 8, 2021 – ST Engineering today announced that its Corporate Venture Capital unit, ST Engineering Ventures Pte Ltd led a US$30m Series A round in Israel-based hiSky Ltd., a leading developer and provider of affordable and agile satellite Internet of Things (IoT) networks and solutions, with participation from SDF (Strategic Development Fund), the investment arm of Tawazun Holding, and hiSky’s existing shareholders. The investment in hiSky enables ST Engineering’s satellite communications business, ST Engineering iDirect, to leverage the former’s cost-effective and easy-to-install IoT network. This comprises the Smartellite™ satellite terminals and cloud-based network management system (NMS), which are complementary and integrated into existing ST Engineering iDirect’s hub stations and can be quickly deployed in current ST Engineering iDirect satellite networks.