SuperCloud Global Holdings Secures $23 Million in Funding for 5G Entertainment Platform Expansion
TL;DR
SGHI successfully raised $23 million in funding to accelerate nationwide expansion of UMAXX.TV, giving them a competitive advantage in the 5G-powered internet and live TV market.
The funding will be used to expand UMAXX.TV's availability nationwide and to propel monetization of its content production subsidiary, SuperCloud Studios.
UMAXX.TV offers consumers and businesses an unmatched entertainment and web browsing experience, enhanced by military-grade data privacy and security, making tomorrow better than today.
The new content will be distributed through various channels such as national third-party platforms and owned channels like UMAXX.TV, offering a unique and engaging entertainment experience.
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SuperCloud Global Holdings, Inc. (SGHI) has successfully raised $23 million in funding over the past year, marking a significant milestone for the privately held technology and entertainment company. The capital injection will be used to accelerate the nationwide expansion of UMAXX.TV, the company's flagship 5G-powered internet and live TV service, and to boost content production through its subsidiary SuperCloud Studios.
The funding round, supported by both private and institutional investors, underscores growing confidence in SGHI's vision to reshape the entertainment and connectivity landscape. Founded by tech entrepreneur Jim Devericks, SGHI has positioned itself at the forefront of the convergence between 5G technology, entertainment, and digital privacy.
UMAXX.TV, the first 5G TV and internet platform in the U.S., offers consumers and businesses an enhanced entertainment and web browsing experience, coupled with military-grade data privacy and security through a proprietary closed-loop 5G network. The service provides access to over 350 high-definition live TV channels, addressing the increasing demand for secure, high-speed internet and live TV services.
The new funds will enable SGHI to expand UMAXX.TV's availability nationwide, improving both infrastructure and service offerings. This expansion comes at a crucial time when consumers are increasingly prioritizing data privacy and seeking alternatives to traditional providers.
In addition to UMAXX.TV, SGHI plans to invest in its portfolio of entertainment technologies, including the free-speech-focused social media platform WhereFreedomSpeaks.com. This platform integrates live TV and on-demand streaming into a 'socialtainment' experience, offering users a unique blend of social interaction and entertainment while maintaining user privacy.
The funding will also support SGHI's content production ambitions following its business combination with EyeOnChannel. The company aims to monetize existing content and develop hundreds of hours of new proprietary programming for distribution through various channels, including UMAXX.TV and national third-party platforms.
This strategic move by SuperCloud Global Holdings reflects the growing importance of integrated entertainment and connectivity solutions in the digital age. As 5G technology continues to evolve, companies that can offer secure, high-speed services combined with compelling content are likely to gain a competitive edge in the market. The success of this funding round suggests that investors see significant potential in SGHI's approach to addressing these emerging consumer needs.
Curated from NewMediaWire
