MIRAMAR, Florida —ESpace Networks, a Florida-based software startup that is revolutionizing enterprise connection, announced today that its Series A round of funding had been successfully closed. Columbia Capital contributed USD 10 million to the deal.
The money will help ESpace Networks maintain its leadership position by enabling clients to intelligently manage connectivity for moving objects. The company’s solutions offer operational fleets of clients an unmatched level of visibility and control over their connectivity service and users’ quality of experience (QoE).
Benny Retnamony, CEO and co-founder of Espace Networks said, “We are thrilled to be partnering with Columbia Capital for the next chapter of our expansion. “Columbia Capital’s deep understanding and knowledge of the complex and high-value connectivity problems we are solving really stood out.”
Rupert Pearce, the former CEO of Inmarsat, will become chairman of the Board of directors in addition to the new investment. ESpace Networks will benefit significantly from Rupert’s background and expertise in the satellite and mobile broadband industries as it moves into its next development phase.
Additionally joining the Board will be Walé Adepoju, the founder of IMDC and former CCO/COO of Global Eagle. Walé has played a vital role in developing connection, media, and technology in commercial aviation over the past 25 years, a crucial market for ESpace Networks.
In the previous year, the company accomplished significant milestones, including fruitful product launches with Fortune 500 cruise and commercial aviation clients.
According to Monish Kundra, Partner at Columbia Capital, “We believe ESpace Networks’ solutions allow customers to fully capitalize on a generational shift in the satellite connectivity market.” We are thrilled to support the ESpace Networks team as they expand the company and meet this quickly growing market demand.
Enterprise communication is being transformed by Florida-based software business ESpace Networks. Customers can use it to manage connectivity for intelligently moving objects. Customers managing fleets benefit from unmatched visibility and control over their connection service and users’ quality of experience (QoE) thanks to the company’s solutions. The world’s top cruise lines and airlines use the software platform from ESpace Networks to monitor and improve their passengers’ quality of experience and coordinate connection services from many providers using data and AI.
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