Charlotte-based wireless and communication hardware company SmartSky Networks has secured $75 million in debt financing, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced February 6 and financed by BlackRock.
According to its Crunchbase profile, "SmartSky Networks, LLC develops 4G air-to-ground communication systems. SmartSky Networks, LLC was formerly known as Jetpool Ventures, LLC. " The eight-year-old company has raised seven previous funding rounds, including a $170 million Series B round in 2017.
The round brings total funding raised by Charlotte companies in internet services to $105 million over the past month. The local internet services industry has seen five funding rounds over the past year, securing a total of $168 million in venture funding.
In other local funding news, text analytics and artificial intelligence company Stratifyd announced a $29 million Series B funding round on February 11, financed by Georgian Partners.
According to Crunchbase, "Stratifyd is an AI powered analytics platform that is built around the customer feedback loop to enable enterprise companies to transform structured and unstructured human textual data – found in call center platforms, surveys, product reviews, CRM systems, and interactive chat sessions and other omnichannel sources – into immediate actionable insights. This allows the business to take actions off insights from any customer feedback or data set. These insights will lead to increased customer retention, improved products and services, and increased revenue."
Founded in 2015, the company has raised three previous rounds, including a $6.8 million Series A round in 2017.