ESpace Networks, a Miami, Florida-based software company transforming enterprise connectivity, announced the successful closing of its Series A round, receiving a $10 million investment from Columbia Capital.
The funding will further advance ESpace Networks’ leadership enabling customers to intelligently manage connectivity for moving things.
The company’s solutions provide customers’ operating fleets unparalleled visibility and control over their connectivity service and users’ quality of experience (QoE).
“We are delighted to be partnering with Columbia Capital for the next phase of our growth,” said ESpace Networks CEO and Co-Founder, Benny Retnamony. “Columbia Capital’s deep knowledge and understanding of the complex and high-value connectivity problems we are solving really stood out.”
Alongside the new investment, Rupert Pearce, former CEO of Inmarsat, will join the Board of Directors as Chairman. Walé Adepoju, founder of IMDC and former CCO/COO of Global Eagle, will also join the Board.
The company has achieved significant milestones in the past year, including successful product launches with Fortune 500 customers in both the cruise and commercial aviation sectors.
Company: ESpace Networks, Inc.
Raised: $10.0M
Round: Series A
Funding Month: May 2023
Lead Investors: Columbia Capital
Additional Investors:
Company Website: https://www.espacenetworks.io/
Software Category: Digital Network Platform
About the Company: ESpace Networks is a Florida-based software company transforming enterprise connectivity. It enables customers to intelligently manage connectivity for moving things. The company’s solutions provide customers operating fleets unparalleled visibility and control over their connectivity service and users’ quality of experience (QoE). The world’s leading cruise lines and airlines use ESpace Networks’ software platform to measure and optimize their passenger QoE and orchestrate connectivity services across multiple providers using data and AI.
Source: https://www.businesswire.com/news/home/20230526005225/en/ESpace-Networks-Accelerates-Growth-With-10-Million-Investment-From-Columbia-Capital