Satellite Raises $1.8M to Solve the Technology Talent Shortage With Dedicated Engineering Teams

New York, February 21, 2020

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Satellite, a company that provides dedicated software engineering teams to high-growth companies, today announced it has completed a $1.8M round of equity financing from a consortium of investors.

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“Companies face an increasingly competitive environment for recruiting and retaining talented software developers, and engineering costs continue to skyrocket,” said Jorge Calderon, co-founder of Satellite. ‘’Satellite is pioneering the innovative model of dedicated offshore engineering teams to provide a better option for companies that want to scale up quickly, with 70% lower costs and significantly less hassle.

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Satellite builds dedicated offshore engineering teams that design and develop successful products that users love, and the company has established an innovative approach to drive seamless collaboration. In addition to world-class engineers, the company provides private team workspaces, handles end-to-end operations and offers simple monthly pricing that lets companies achieve the benefits of an international development center in just weeks.

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“Project-based outsourcing is temporary and doesn’t work for high-growth, customer-centric companies that want to control the entire product lifecycle,” said Eugenia Vanderstarren, CEO and co-founder of Satellite. “Satellite is filling this gap with dedicated development teams that become a long-term extension of our customers, and we’re proud to be building a vibrant community of highly-engaged engineers that enjoy building world-changing products for international companies.

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Satellite works with VC-backed startups and high-growth companies that are looking for exceptional talent and the most efficient way to scale their technology team and accelerate development. The company is headquartered in New York City and recently began onboarding US customers to its first software engineering center in Minsk, Belarus.