Trending...
- Aaron Alonzo, CEO of Mount Irvine Capital Group, Announces The Small Business Stability Fund
- Iris Dubs, the screenwriter of "El Señor de los Cielos"
- IntellaTriage Names Olivia Gaffney, RN as 2022 Nurse of the Year Honoree
MIRAMAR, Fla. ~ Miramar, Florida-based software company ESpace Networks announced the successful closing of its Series A round today, receiving a $10 million investment from Columbia Capital. The funding will be used to further advance the company's leadership in providing customers with intelligent connectivity solutions for moving things.
ESpace Networks CEO and Co-Founder Benny Retnamony expressed his delight at partnering with Columbia Capital for the next phase of growth. "Columbia Capital's deep knowledge and understanding of the complex and high-value connectivity problems we are solving really stood out," he said.
Joining the Board of Directors as Chairman is Rupert Pearce, former CEO of Inmarsat. His track record and experience in the satellite and mobile broadband industry will be invaluable in supporting ESpace Networks' next stage of growth. Walé Adepoju, founder of IMDC and former CCO/COO of Global Eagle, will also join the Board. Adepoju has been a leading figure in developing connectivity, media, and technology in commercial aviation for over 25 years - a key market for ESpace Networks.
More on The Floridant
The company has achieved significant milestones over the past year, including successful product launches with Fortune 500 customers in both cruise and commercial aviation sectors. Monish Kundra, Partner at Columbia Capital commented on their investment: "We believe ESpace Networks' solutions allow customers to take full advantage of a generational shift in the satellite connectivity market...We couldn't be more excited to back the ESpace Networks team as they continue to scale the business and address this rapidly growing market need."
ESpace Networks CEO and Co-Founder Benny Retnamony expressed his delight at partnering with Columbia Capital for the next phase of growth. "Columbia Capital's deep knowledge and understanding of the complex and high-value connectivity problems we are solving really stood out," he said.
Joining the Board of Directors as Chairman is Rupert Pearce, former CEO of Inmarsat. His track record and experience in the satellite and mobile broadband industry will be invaluable in supporting ESpace Networks' next stage of growth. Walé Adepoju, founder of IMDC and former CCO/COO of Global Eagle, will also join the Board. Adepoju has been a leading figure in developing connectivity, media, and technology in commercial aviation for over 25 years - a key market for ESpace Networks.
More on The Floridant
- Florida: Lieutenant Governor Jeanette Nuñez Promotes Water Safety Ahead of Memorial Day
- Florida: Governor Ron DeSantis Awards $60 Million to 22 Projects Through the Broadband Opportunity Program
- Florida: Governor DeSantis Signs 10 Bills
- Clean Car, Clear Conscience! ModWash Makes a Positive Ripple with their Green Initiative
- Federico Welsh, new Chief Human Capital Officer at NEORIS
The company has achieved significant milestones over the past year, including successful product launches with Fortune 500 customers in both cruise and commercial aviation sectors. Monish Kundra, Partner at Columbia Capital commented on their investment: "We believe ESpace Networks' solutions allow customers to take full advantage of a generational shift in the satellite connectivity market...We couldn't be more excited to back the ESpace Networks team as they continue to scale the business and address this rapidly growing market need."
Filed Under: Business
0 Comments
Latest on The Floridant
- Jacksonville: City Offices and Facilities Closed for Memorial Day
- Bitcoin Mining Capacity Reaches 350 Exahashes/second
- Executive Moves: Sol-REIT Names Derek Gabriel Sr. as Executive Vice President & Head of Originations
- Up To 70% Off! Alibonnie Graduation Season Wig Surprise Discount
- Florida: Governor DeSantis Signs 27 Bills
- Governor Ron DeSantis Announces Operation Lone Star in Full Force as Florida Resources Arrive at Southern Border
- Florida: Flags at Half-Staff in Honor of Memorial Day
- The C.K. Steele Human Rights Institute Holds its Inaugural Event
- Remedy Well Launches with Personalized Care for Diverse, Digital-First Generations
- Gemini IT Producer Software is Reshaping the Filmmaking Industry
- Mighty Mussels hosting 'Faith & Family Night' on June 3
- Common Sense - Save Fuel by Reducing Carbon Pollution- Guaranteed – ECOFuelMax
- Jacksonville: City Announces Opening of Community Pools
- Florida Georgia Rivalry Game Will Stay in Jacksonville for Two More Years
- Jacksonville: Animal Care & Protective Services to Host a Free Four-Day Adoption Event
- Navy Veteran Tom Keen Runs for Florida House 35
- Florida: Governor Ron DeSantis Signs Legislation Toughening Penalties for Sex Criminals and Other Violent Offenders
- Cindy Quinn Earns RE/MAX Titan Club Status
- 130k+ Patients' Social Security Numbers Leaked in UHS of Delaware Data Breach
- Sip Social Co. Mobile Bar Trucks Showcased At BC Home + Garden Show Presents New Opportunities To Partner With Marketplace Events