Cloud Constellation Banks $100M for Space Laser Cloud Security
December 24, 2018 / Light Reading
Cloud Constellation has pocketed a $100 million funding round for its plan to build a secure data cloud based on a network of satellites in low Earth orbit (LEO). HCH Group Company, an investment firm based in Hong Kong, invested $100 million in Cloud Constellation's Series B equity round, Cloud Constellation said last week. That brings total funding to just under $120 million, with $80 million still uncommitted. (See Cloud Constellation Scores $100M Series B Funding for Space-Based Cloud Security.) Cloud Constellation's SpaceBelt Data Security as a Service has been slow getting off the ground -- literally -- but $100 million is a big endorsement of the technology and business models. Cloud Constellation plans to launch its satellite network and have it operational by the fourth quarter of 2021, Cliff Beek, Cloud Constellation CEO and president, tells Light Reading.