SuperCloud Global Holdings, Inc. (SGHI), a technology and entertainment company, has successfully raised $23 million in funding, aimed at accelerating the nationwide expansion of its flagship 5G-powered internet and live TV service, UMAXX.TV, and enhancing content production through SuperCloud Studios. This funding round, supported by private and institutional investors, underscores the confidence in SGHI's vision to merge 5G technology with entertainment and digital privacy.
UMAXX.TV, the first 5G TV and internet platform in the U.S., offers over 350 high-definition live TV channels, leveraging a proprietary closed-loop 5G network for military-grade data privacy and security. This unique offering has attracted a wide range of users, from families to businesses, highlighting the growing demand for secure, high-quality digital entertainment solutions.
Jim Devericks, Chairman and CEO of SGHI, emphasized the significance of the funding round as a testament to the investors' trust in the company's vision and the potential of its 5G technology and entertainment distribution capabilities. The capital will facilitate the expansion of UMAXX.TV's infrastructure and service offerings across the nation, alongside investments in entertainment technologies like WhereFreedomSpeaks.com, a platform blending free speech with live TV and streaming.
The formation of SuperCloud Studios, following SGHI's business combination with EyeOnChannel, marks a strategic move to monetize existing content and produce new proprietary programming. This content will be distributed through various channels, including UMAXX.TV, reflecting SGHI's integrated approach to entertainment and connectivity.
As 5G networks continue to roll out across the U.S., SGHI's services, particularly UMAXX.TV, are poised to leverage the enhanced bandwidth and lower latency, potentially transforming consumer access to and interaction with entertainment content. This development not only signifies a milestone for SGHI but also highlights the evolving expectations for secure, high-quality digital experiences in the entertainment industry.
