SmartSky Networks has confirmed it has raised more than US$32 million in additional equity and debt funding, as it moves forward with plans to launch 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 in-flight Wi-Fi service for business and commercial aviation uses the company’s uniquely scalable, single-beam-per-aircraft approach. Through its Skytelligence digital innovation platform, the company aims to improve safety and efficiency while providing the industry with new ancillary revenue sources.
