SuperCloud Global Holdings, Inc. (SGHI), a privately held technology and entertainment company, has successfully raised $23 million in funding over the past year. 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 enhance content production through its subsidiary, SuperCloud Studios.
The funding, backed by both private and institutional investors, demonstrates confidence in SGHI’s vision to revolutionize the entertainment and connectivity industries. Founded by tech entrepreneur Jim Devericks, SGHI has positioned itself as a leader in the convergence of 5G technology, entertainment, and digital privacy.
UMAXX.TV, the first 5G TV and internet platform in the U.S., offers consumers and businesses an unparalleled entertainment and web browsing experience. The service boasts over 350 high-definition live TV channels and is enhanced by military-grade data privacy and security through a proprietary closed-loop 5G network. This unique combination of features has led to rapid adoption across various consumer demographics, from families to tech-savvy individuals and businesses.
Jim Devericks, Chairman, Founder, and CEO of SuperCloud Global Holdings, Inc. and its subsidiary SuperCloud International, Inc., stated, ‘This successful funding round is a testament to the trust our investors have placed in our vision and the groundbreaking potential of our 5G technology and expertise in entertainment production and distribution.’
The fresh capital will allow SGHI to expand UMAXX.TV’s availability nationwide, enhancing both its infrastructure and service offerings. Additionally, the company plans to invest in its growing portfolio of entertainment technologies, including WhereFreedomSpeaks.com, a free-speech-focused social media platform that integrates live TV and on-demand streaming into a seamless ‘socialtainment’ experience.
SGHI’s recent business combination with EyeOnChannel, a premier content production and distribution company, has led to the formation of SuperCloud Studios. This subsidiary is focused on monetizing existing content and developing hundreds of hours of new, engaging proprietary programming. The content will be distributed through various channels, including national third-party platforms and owned channels like UMAXX.TV.
The company’s innovative approach to combining high-speed internet, live TV, and content production under one umbrella reflects the changing landscape of the entertainment industry. As consumers increasingly demand secure, high-quality digital experiences, SGHI’s integrated offerings position it well to capitalize on these trends.
SuperCloud Global Holdings, Inc. operates through various subsidiaries and consumer brands, including UMAXX.TV, Where Freedom Speaks, SCI B2B, SuperCloud Studios, and EyeOnChannel. The company’s diverse portfolio allows it to address multiple aspects of the entertainment and connectivity markets, from content creation to distribution and consumption.
As SGHI continues to expand its services and develop new content, the $23 million funding round marks a significant milestone in the company’s growth trajectory. The investment not only fuels the expansion of UMAXX.TV but also supports the development of innovative entertainment technologies that prioritize user privacy and data security.
With the ongoing rollout of 5G networks across the United States, SGHI’s UMAXX.TV service is well-positioned to take advantage of the increased bandwidth and lower latency offered by this new technology. This could potentially reshape how consumers access and interact with entertainment content, setting new standards for the industry.
As the company moves forward with its expansion plans, it will be interesting to see how SuperCloud Global Holdings’ integrated approach to technology and entertainment influences the broader media landscape and consumer expectations for secure, high-quality digital experiences.
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