Cloud Constellation, the US-headquartered developer of a space-based data storage system, has received $100m of series B funding from consumer electronics manufacturer Haier.
Haier made the investment through its incubation platform, HCH Group. Cloud Constellation has not revealed a targeted close for the series B round or whether it plans to raise any additional capital before a final close.
Founded in 2015, Cloud Constellation is developing a space-based data network and cloud data storage service dubbed Spacebelt which will use a network of eight satellites in low earth orbit to enable enterprise, government and military organisations to share and store data.
The company claims the syetem will be insulated from the internet, meaning data will be protected from cyber attacks and avoid the requirements of privacy regulation. It raised an undisclosed amount of series A funding from unnamed investors in March 2016.
Clifford Beek, CEO and president of 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.”