Research Triangle, NC – February 22, 2021 – SmartSky Networks today announced that it has closed on more than $32 million in additional equity and debt funding as it prepares for the launch of its next-generation aviation Wi-Fi connectivity service later this year.
“In a display of confidence in the future of SmartSky’s groundbreaking technology and services, we received new funds from our institutional investors,” said SmartSky CEO David Helfgott.
SmartSky’s office-grade inflight Wi-Fi service for business and commercial aviation uses the pioneering company’s uniquely scalable, single-beam-per-aircraft approach, which is backed by a substantial patent portfolio and years of flight testing. Building on this transformative capability, the company is enabling advanced new applications through Skytelligence®, its digital innovation platform, to improve safety and efficiency while providing the industry with new ancillary revenue sources.
About SmartSky Networks
SmartSky Networks was founded to transform aviation through disruptive communications technologies and related tools. SmartSky is rolling out its innovative air-to-ground network in 2021. The network takes advantage of patented spectrum reuse, advanced beamforming technologies and 60 MHz of spectrum for significantly enhanced connectivity. SmartSky’s network uniquely enables an “office in the sky” experience with unmatched capacity for data transmissions both to and from the aircraft. This real-time, low latency, bidirectional data link makes SmartSky the best in-flight user experience, and a key enabler for new and enhanced applications and services. For more information, visit SmartSkyNetworks.com
About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. The company manages total assets of approximately $450 million. For more information, please visit www.platformllc.com.