SmartSky Networks has closed on more than $32 million in additional equity and debt funding as it prepares for the launch of its next-generation aviation Wi-Fi connectivity service later this year.

“In a display of confidence in the future of our groundbreaking technology and services, we have received new funds from our institutional investors,” comments SmartSky CEO David Helfgott.

SmartSky's office-grade inflight Wi-Fi service for business and commercial aviation uses the company's scalable, single-beam-per-aircraft approach, which is backed by a patent portfolio and years of flight testing. Building on this transformative capability, the company is enabling advanced new applications through Skytelligence, its digital innovation platform, to improve safety and efficiency while providing the industry with new ancillary revenue sources.