SatixFy Raises $25M From Catalyst

November 1, 2016 | Israeli satellite communications company SatixFy is raising $25 million in a financing round led by Catalyst CEL Fund, which will be completed by the end of next month. By designing its own silicon chips, SatixFy’s technology radically reduces the cost, size, weight and power consumption of user-terminals, and cost of air-time for satellite communications. The Rehovot based company was founded in 2012 by CEO Yoel Gat, founder and former Chairman and CEO of Gilat Satellite Networks Ltd. SatixFy has raised nearly $30 million to date including the latest financing round. Catalyst is a leading private equity firm in Israel with more than $250 million in assets under management. Catalyst was founded in 1999 by Founding & Managing Partners Yair Shamir, Edouard Cukierman and Boaz Harel.