Digital Global Systems Inc. (DGS), a Beltsville, Maryland-based provider of broad spectrum management technology for public safety, enterprise, telecommunications and government customers, raised an additional $4m in Series A-2 convertible preferred funding.
The round, in addition to the $2 million of Series A and $2.25 million of Series A-1 convertible preferred stock previously issued, included investments by LGS Innovations (LGS) and CoVant, as well as a existing and new individual investors.
The company, which has raised $8.25m in total, intends to use the funds to accelerate its continued market expansion and development of its flagship SigBase™ platform.
Led by Fernando Murias, Chairman and CEO, DGS is a provider of innovative spectrum management technology for public safety, enterprise, telecommunications and government customers. Its SigBase software combines broad spectrum data capture with remote access and analytics capabilities so users to monitor, manage and optimize their spectrum assets and wireless communications.
The solution package also includes modulation detection, channel conflict detection with alarm and trigger features, and patented features such as automatic signal detection, connect anywhere functionality, FCC database analytics and spectral environment learning.
In its first two years of operations, DGS already has 20 issued U.S. patents, market traction into the four major tier 1 carriers, and presence in the transportation, public safety and federal government markets.