Tachyon Networks Secures $4M Financing with Silicon Valley Bank
Published On August 18, 2010 |
Tachyon Networks, a San Diego, CA-based company that engineers custom, end-to-end satellite solutions for fixed, portable and Comms-on-the-Move (COTM) applications, delivering high-quality managed network services for data, voice and video, completed a $2m revolving line of credit and a $2m equipment term loan with Silicon Valley Bank.
The proceeds from the financing will further enable the company to continue to drive growth via investments in equipment and service offerings for various end markets from airborne comms-on-the-move (COTM) for military customers to ruggedized communications solutions for oil and gas, alternative energy, construction, mining, and special events.
Tachyon, whose satellite solutions include management and operations of space segment capacity, teleport facilities, network services, and VSAT equipment and antennas, serves enterprise and government agencies that require secure mission critical communications, business continuity and disaster recovery.