Cloud Constellation
Corporation Secures Series A Funding
March 8, 2016
Cloud
Constellation Corporation today announced it has
completed its Series A funding round. The
funding will be used to accelerate the
development of the company's SpaceBelt
Information Ultra-Highway, the independent
space-based network infrastructure for cloud
service providers, enterprises and governments
to provide secure storage and provisioning of
sensitive data around the world.
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Scott Sobhani,
Cloud Constellation CEO and cofounder, said:
"In 2015, enterprise and
governments spent an estimated
US$15 billion
on data storage and cloud migration – and
networks aren't any safer. The information
super-highway is experiencing a pandemic
cybersecurity crisis for delivery of cloud
storage services. The SpaceBelt Information
Ultra-Highway will offer enterprises and
governments with superior infrastructure for
assuredly secure cloud networking.
Cloud service providers are enthusiastic to
differentiate their service offerings to
garner higher sources of revenue from
multinational clientele. This funding
puts us squarely on the path to creating an
independent space-based network
infrastructure that offers secure storage
and provisioning of enterprise data around
the world, without exposure to any
surreptitious elements or unintended network
jurisdictions."
Hooshang Kaen,
Cloud Constellation Vice Chairman and cofounder,
said: "For enterprises with
global operations, protection of
mission-critical data is paramount. With this
first round of funding in place, we are now
looking to establish strategic partnerships with
cloud service providers, memory systems
suppliers, satellite capacity providers,
spacecraft suppliers and VSAT network
infrastructure providers. As we articulate our
vision for a world of greater data security,
we're confident that many partners will join us.
This highly innovative and sophisticated cloud
network will enable enterprises and governments
to move data around the world without exposure
to cybersecurity threats. We've designed the
system as a continuous global ring of
interconnected data centers in space. Data
never passes through any unintended
jurisdictions, or into the wrong hands."
