Cloud Constellationm the Satellite start-up, concluded a $100 Million round of funding. Located in Los Angeles, the start-up wishes to roll out Space Belt, a system of data hubs developed on satellites in orbit.
“We are removing the risk of data violations related with terrestrial infrastructure,” claimed Cloud Constellation chief commercial officer, Dennis Gatens, to the media in an interview. “We are bringing a solution to market that offers what we think is the sturdiest security ability ever.”
The $100 Million arrives from the subsidiary of Haier Group (Chinese consumer electronics giant), HCH Group. The funds are a fraction of a bigger venture capital round on which Cloud Constellation is operating keenly. The firm refused to tell what its capitalization.
“The financial commitment of HCH to SpaceBelt builds on our impetus to perform on our dream to provide international data protection that uses commercial sector,” Cliff Beek, CEO at Cloud Constellation, claimed to the media in an interview.
On a related note, Japan earlier rolled out the 3rd satellite in its attempt to make a geo-location home grown system targeted at enhancing the correctness of navigation systems of the cars as well as smartphone maps to just by centimeters. “The rocket flew as aimed, and the organization verified that the Michibiki No.3 was rolled out with no irregularities 28 Minutes and 37 Seconds post the initial roll out,” a spokesperson claimed to the media in an interview.
The launch was originally planned last week but was delayed owing to a technological glitch. Satellite geo-location systems, which was originally developed for the U.S. military, now fuel innumerable civilian apps, from internet browsing to car navigation on mobile handsets. Japan depends on the US-operated GPS (Global Positioning System). Last week’s roll out was a division of a bigger plan to make a local version with 4 satellites aiming on the wider region and the country.