ESpace Networks introduced at this time the profitable closing of its Sequence A spherical, receiving a $10 million funding from Columbia Capital.

The funding will additional advance Florida-based ESpace Networks’ management enabling clients to intelligently handle connectivity for transferring issues, in keeping with a press release.

The corporate’s options present clients’ working fleets unparalleled visibility and management over their connectivity service and customers’ high quality of expertise (QoE).

“We’re delighted to be partnering with Columbia Capital for the following part of our development,” mentioned ESpace Networks CEO and Co-Founder, Benny Retnamony. “Columbia Capital’s deep data and understanding of the complicated and high-value connectivity issues we’re fixing actually stood out.”

Alongside the brand new funding, Rupert Pearce, former CEO of Inmarsat, will be part of the Board of Administrators as Chairman.

Pearce, monitor report and expertise within the satellite tv for pc and cellular broadband business will play a key function in supporting ESpace Networks in its subsequent stage of development.

Walé Adepoju, founding father of IMDC and former CCO/COO of World Eagle, can even be part of the Board. Over the previous 25 years, Walé has been a number one determine within the growth of connectivity, media, and know-how in business aviation, a key marketplace for ESpace Networks.

The corporate has achieved vital milestones up to now yr, together with profitable product launches with Fortune 500 clients in each the cruise and business aviation sectors.

“We consider ESpace Networks’ options permit clients to take full benefit of a generational shift within the satellite tv for pc connectivity market,” mentioned Monish Kundra, Associate at Columbia Capital. “We couldn’t be extra excited to again the ESpace Networks crew as they proceed to scale the enterprise and handle this quickly rising market want.”