HCH Group Company Limited to Participate in SpaceBelt’s Equity Raise
Cloud Constellation Corporation, a space-based cloud service provider of data security services, announced the commitment of $100 million from HCH Group Company, Ltd. towards its Series “B” equity round. Cloud Constellation’s SpaceBelt™ is an innovative cloud service for the protection of an organization’s strategic, mission-critical data assets.
Cloud Constellation’s SpaceBelt Data Security as a Service (DSaaS) uniquely offers 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.
Clifford W. Beek, CEO and president, Cloud Constellation Corporation, said: “HCH’s financial commitment to SpaceBelt builds on our momentum to execute on our vision to offer global data protection that leverages commercial space.”