Cloud Constellation Receives $100 Million in Series B Commitment
Cloud Constellation, a space-based cloud service provider of data security services, revealed that HCH Group Company made a commitment of $100 million towards its Series “B” equity round. Cloud Constellation’s SpaceBelt is a cloud service for the protection of an organization’s strategic, mission-critical data assets.
Cloud Constellation’s SpaceBelt Data Security as a Service (DSAAS) aims to offer secure, global managed network services and cloud data storage in space to enterprise, government, and military organizations. Envisioned as an extension of an organization’s enterprise network, SpaceBelt provides secure, dynamic network and cloud data storage services between any locations on Earth. Utilizing a network of eight satellites in Low Earth Orbit (LEO), SpaceBelt provides the strongest data security possible, whether at rest or in motion, by providing global isolation of an organization’s high-value, highly sensitive data assets from the data breach risk of terrestrial networks.
“HCH’s financial commitment to SpaceBelt builds on our momentum to execute on our vision to offer global data protection that leverages commercial space,” said Cloud Constellation Chief Executive Officer (CEO) and President Clifford W. Beek.