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Kymeta, an Intellectual Ventures (IV) company, completed a $12 million funding round...

Kymeta, an Intellectual Ventures (IV) company, completed a $12 million funding round to develop and market IV’s metamaterials-based satellite antenna technology. With the product line, mTenna, Kymeta “will simplify the satellite connection needed for broadband Internet on the go,” IV…

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said. Metamaterials can manipulate electromagnetic radiation, it said: MTenna “uses this unique capability to electronically point and steer a radio signal toward a satellite.” The project is supported by investments from Liberty Global, Lux Capital and Microsoft Chairman Bill Gates.