Curated News
By: NewsRamp Editorial Staff
September 12, 2024
SuperCloud Global Holdings, Inc. Raises $23 Million to Expand 5G-Powered UMAXX.TV
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- 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.
Impact - Why it Matters
This news matters as it demonstrates the increasing confidence in 5G technology and its potential to reshape the entertainment and connectivity industries. The successful funding round will allow SuperCloud Global Holdings, Inc. to enhance its infrastructure and service offerings to meet the needs of an increasingly data-conscious consumer base.
Summary
SuperCloud Global Holdings, Inc. has successfully raised $23 million in funding to expand its 5G-powered internet and live TV service, UMAXX.TV, and monetize its content production subsidiary SuperCloud Studios. The funding, supported by private and institutional investors, highlights the company's momentum as a leader in 5G technology and entertainment. The capital will also be used to accelerate the nationwide expansion of UMAXX.TV and further invest in the company's growing portfolio of entertainment technologies.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, SuperCloud Global Holdings, Inc. Raises $23 Million to Expand 5G-Powered UMAXX.TV
