ESpace Networks, a Florida-based software company focused on enterprise connectivity, has announced the successful completion of its Series A funding round with a $10 million investment from Columbia Capital. The investment will support ESpace Networks’ efforts to advance its solutions in managing connectivity for mobile assets. The company offers software solutions that provide customers with enhanced control and visibility over their connectivity service and users’ quality of experience.
ESpace Networks CEO and Co-Founder, Benny Retnamony, expressed excitement about the partnership with Columbia Capital, highlighting their deep understanding of the complex connectivity challenges the company aims to address. As part of the investment, Rupert Pearce, former CEO of Inmarsat, will join the Board of Directors as Chairman, bringing his expertise in the satellite and mobile broadband industry. Walé Adepoju, founder of IMDC and former CCO/COO of Global Eagle, will also join the Board, leveraging his experience in the commercial aviation sector.
ESpace Networks has achieved significant milestones in the past year, including successful product launches with Fortune 500 customers in the cruise and commercial aviation industries. The company’s solutions are designed to capitalize on the evolving satellite connectivity market and enable customers to optimize their connectivity offerings.
Monish Kundra, Partner at Columbia Capital, expressed enthusiasm about ESpace Networks’ potential to leverage the market shift in satellite connectivity. The investment from Columbia Capital will support the company’s scaling efforts and further address the growing demand for innovative connectivity solutions.
ESpace Networks’ software platform is trusted by leading cruise lines and airlines to measure and optimize passenger quality of experience and efficiently manage connectivity services across multiple providers using data and artificial intelligence (AI).