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Loon

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Loon aimed to expand connectivity to rural and remote areas using high-altitude, stratospheric balloons

Mountain View, United StatesFounded 2018Energy
Valuation $500M–1B Last recorded · 2019
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About Loon

Loon LLC, a subsidiary of Alphabet Inc., operated as an ambitious initiative to provide internet access to rural and remote regions. The project commenced in 2011 as a research and development venture within X (formerly Google X), before being established as an independent company within Alphabet in July 2018. Loon's mission centered on deploying a network of high-altitude balloons into the stratosphere, between 18 km and 25 km, to establish an aerial wireless network. This altitude was chosen for its low wind speeds and minimal turbulence. The company's business model was to partner with mobile network operators to extend their coverage to underserved areas, effectively acting as floating cell towers. Revenue would have been generated by providing this extended connectivity to the operators' customers.

The technology involved large, polyethylene, solar-powered balloons. Each balloon was equipped with an LTE base station, antennas, and networking equipment to relay internet signals from ground stations to users' devices and between other balloons in the network. Sophisticated software algorithms and artificial intelligence were used to navigate the balloons by adjusting their altitude to catch favorable wind currents, allowing them to loiter over specific areas. This system was designed to provide 4G LTE-comparable speeds over a coverage area of roughly 40-km in diameter per balloon. The balloons were powered by high-efficiency solar panels, enabling them to operate for extended periods, with one balloon achieving a record flight duration of 312 days.

Throughout its operation, Loon achieved significant milestones. It successfully provided emergency internet service in disaster-stricken areas, such as Puerto Rico after Hurricane Maria in 2017 and Peru following an earthquake in 2019. The first commercial service was launched in Kenya in July 2020 in partnership with Telkom Kenya, covering an area of nearly 50,000 square kilometers. Agreements were also made with Telefónica to bring service to remote parts of the Peruvian Amazon. Despite these technical successes and partnerships, Loon was shut down in January 2021. The decision, as stated by CEO Alastair Westgarth, was due to the inability to lower the high operational costs sufficiently to create a long-term, sustainable, and profitable business model. The legacy of Loon's work continues through Project Taara, which utilizes the free-space optical communication technology developed for linking balloons to provide high-speed internet through light beams.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2018
Headquarters
Mountain View, United States
Employees
23
Open positions
None listed
Dealroom signal
0.0/100
Industry
Energy
Sector
Energy, Hard Tech
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Apr 2019 $125M $500M HAPSMobile ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

Loon website traffic

Latest recorded traffic for Loon is 1.2K monthly website visits. Loon's team declined 25.8% over the past year.

Latest monthly visits1.2K 1-year team growth-25.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • HAPSMobile
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Loon on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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